News

America Needs To See Past The Myth Of The ‘Free Market’

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 […]
America Needs To See Past The Myth Of The ‘Free Market’
Markets

How Globalization Created And Destroyed The City Of Venice

[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 […]
How Globalization Created And Destroyed The City Of Venice
News

Cuba Is Reforming, But Wealth And Success Are Still Frowned Upon

[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 […]
Cuba Is Reforming, But Wealth And Success Are Still Frowned Upon
Tech

RIDICULOUS: Internet “Kill Switch” Bill Won’t Die

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 […]
RIDICULOUS: Internet “Kill Switch” Bill Won’t Die
News

The US Government Spends More Per Capita On Health Care Than Almost Every Other Country

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 […]
The US Government Spends More Per Capita On Health Care Than Almost Every Other Country
Markets

Debt-Serfdom Is The New American Normal

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.
Debt-Serfdom Is The New American Normal
News

END OF AN ERA: Castro Resigns From Party Leadership And Calls For Liberalization

[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.
END OF AN ERA: Castro Resigns From Party Leadership And Calls For Liberalization
News

Ted Lilly Just Set The Bar For The MLB Free Agent Market

[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 […]
Ted Lilly Just Set The Bar For The MLB Free Agent Market
Markets

12 Keynesian Insights To Blow The Mind Of Larry Kudlow

[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 […]
12 Keynesian Insights To Blow The Mind Of Larry Kudlow