Chinese-style "manipulation" is clearly a disaster. While it has generated 35 years of stunning economic growth, it has also forced rich people around the world to endure a week-long, anxiety-provoking drop in stock prices!
A recent op-ed in the New York Times chastises Rand Paul for being insufficiently libertarian. His critics are particularly upset over his "hawkish" foreign policy, accusing him of abandoning the ideal of individual liberty. The reverse, however, is true
Greater goods therefore sometimes trump property rights. Everyone knows this. Nobody really believes in free markets. Why, then, can be wrong with regulating the means that may be used to maximize profit?
After ratification of the Constitution in 1790, Hamilton was recruited by the Washington administration to be the nation’s
Politically the moral leadership of the pope is bad news for those Republicans, conservatives, Tea Party advocates and libertarians who politically worship at the altar of the unbridled and unregulated excesses of capitalism that Francis deplores.
Why did Lao Tzu prefer laissez-faire to paternalism? For much the same reason that neoclassical economists advocate free-market capitalism: good intention distorts.
John's commitment to social justice might become a main interpretive key for understanding Pope Francis' pontificate. With the selection of Francis as his papal name, this Pope has dedicated himself in a special way to the cause of social justice.
We've heard it everywhere, on every station, every major news outlet, and every talk radio show: Islamophobia is alive and well in the United States.
In spite of overwhelming evidence, there is still an echo chamber on the right parroting failed policies. But why have these ideas spread?
Disturbing to many of us in the academic world is that the push for laissez-faire "legitimacy" by its ideological advocates runs counter to more than 230 years of historical evidence.