VIDEO: In this interview Jeff Sachs explains how both free-market and Keynesian approaches are flawed.
One of the most deceptive ideas continuously sounded by the Right (and its fathomless think tanks and media outlets) is that the “free market” is natural and inevitable, existing outside and beyond government. So whatever inequality or insecurity it generates is beyond our control. And whatever ways we might seek […]
Back in 2004, the Bush administration launched an international program called the Millennium Challenge Corporation to help developing countries reduce poverty and stimulate economic growth through a series of bilateral compact agreements.
[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Venezia_veduta_aerea.jpg”] The story of Venice from 800 to 1350 is of incredible political and institutional change of a remarkably modern sort, sparked by international trade.Egalitarian institutions and economic mobility threatened the power of Venice’s elites, and they used their wealth and power to choke off competition, ending […]
[credit provider=”Flickr/flippinyank” url=”http://www.flickr.com/photos/[email protected]
/3093235732/”] HAVANA, Cuba — Let there be no doubt: Cuba’s Communist Party has declared the island’s socialist system “irrevocable.”But the nod to market principles at the core of President Raul Castro’s economic reforms has brought a new degree of ideological ambiguity to Cuba, leaving many to wonder just […]
A bill to provide a so-called Internet “kill switch” just won’t die. It should.The bill is being floated again by Sen. Susan Collins (R-Maine), even though a previous version died in committee. The new bill has bipartisan support; it wouldn’t enable to actually kill the internet but merely shut down […]
Yesterday, Pascal-Emmanuel Gobry posted a stimulating comparison between the American and French health-care systems. “From my outlook,” he writes, “there’s something that I haven’t seen discussed and yet seems striking to me: how similar the French and U.S. healthcare systems are. On its face, this seems like a preposterous notion: whenever the two are […]
T rapped assets that generate no income streams in the present are not capital; the value of such non-productive assets is illusory. Strip away these trapped assets and the reality is revealed: most American households toil to service their debts.
Rep. Ron Paul (R-TX) took to The Daily Show on Monday night to take his libertarian positions to the mainstream.
[credit provider=”AP”] We may agree or disagree with the jobs plan of President Obama but one thing is certain this high unemployment rate that has engulfed the major developed economies across the world is not just serious but bewildering.After all wasn’t capitalism supposed to allocate the resources efficiently then why […]
[credit provider=”Cuba Debate” url=”http://www.cubadebate.cu/reflexiones-fidel/2011/04/18/mi-ausencia-en-el-cc-fotos/”] Fidel Castro, 84, announced his resignation from leadership of the Cuba Communist Party today in an article published on Cubadebate.cu.Along with the changing face of the Communist Party comes the easing of Cuba’s property laws.
Today leaders from 21 different countries around the Pacific Ocean began meetings with the aim of setting up a free trade area around the region, according to the AP.
The heir apparent to the Chinese presidency is a free-market, libertarian intellectual — relatively speaking.
[credit provider=”Flickr/spalab” url=”http://www.flickr.com/photos/spablab/1356309053/”] The Los Angeles Dodgers signed 34-year-old starting pitcher Ted Lilly to a three-year, $33 million contract yesterday. As the first free agent to sign a deal, Lilly sets the baseline standard for other free agents this offseason.The deal seems fair. The left-hander posted a 10-12 record with […]
[credit provider=”en.wikipedia.org” url=”http://en.wikipedia.org/wiki/John_Maynard_Keynes”] Recently Larry Kudlow has been outlining his 12 Step Plan to Free Market Prosperity and both implicitly and explicitly unleashing a tirade against Keynesianism, as if Keynesianism is the cause in fact of the problem. What makes this incredibly ironic is that in 2007, as the economy started […]