Among the Intellectualoids
Obama World Flunks Economics 101
For the neo-socialist crowd, Wall Street’s collapse has been a godsend.
(Page 2 of 2)
Does the Times think that a government-is-good-markets-are-bad ideology is more likely to deliver the goods, or that Obama’s advice in May to the graduates of Wesleyan University to shun the “money culture” is the path to widespread prosperity?
Instead, across the world, it’s the pro-business, pro-capitalist ideology that’s been the most directly correlated with increasing the freedom and prosperity of the average person. It’s the world’s freest economies with the most limited governments that have many times the per capita income than economies that are strangled by overblown states.
“The greater dangers to liberty,” wrote Supreme Court Justice Louis Brandeis, “lurk in insidious encroachment by men of zeal, well-meaning but without understanding.”
About the Author
Ralph R. Reiland is the B. Kenneth Simon professor of free enterprise and an associate professor of economics at Robert Morris University in Pittsburgh.
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D R Sanchez| 6.19.09 @ 1:54AM
Bailout 2008 by David Jeffrey
Like a bloodied warrior,
laying broken and torn.
Like a dying soldier, hopeless and forlorn.
But the blood, it be green,
the color of money.
And the soldier is an economy,
and it is anything but funny.
Broken are it's people and shattered are their dreams.
Thanks to the ultra rich and their full proof schemes.
It is a tragedy with more pain to come.
Finance will be Hell, and their wills will be done.