QE2 and Egypt
Higher food prices set off the revolutions in Tunisia and Egypt and the mass protests in countries like Algeria, Jordan, Yemen, Bahrain, and Iran.
Higher food prices set off the revolutions in Tunisia and Egypt and the mass protests in countries like Algeria, Jordan, Yemen, Bahrain, and Iran.
Firms have lots of cash on their balance sheet and it's not earning anything. What to do? Buy the competition.
Socialism has simmered down to the advocacy of strong government, with this proviso: that that government is best which is run by socialists. Too many capitalists have made their peace with this system.
Mises's notable theory of classes has been curiously neglected. By bringing it back into prominence, we have to abandon the cozy view that all of us, we and our privileged rulers alike, are in a continuing harmony of interest.
Alan Blinder listed numerous alleged benefits of a phased-in carbon tax. Out of his entire column, he devoted a single sentence to the possible downside of his plan when he wrote, "No one likes to pay higher taxes."
The beauty of the kitchen is that credentials or degrees don't matter. If there is such a thing as dog-eat-dog capitalism, this must be it — with customers holding the leash.
Is it really such a stretch to suppose that when the US government (and Federal Reserve) brings the economy closer to outright socialism — as with Hoover, FDR, Bush, Obama, and Bernanke — that those very interventions hamper the economy?