Government ought to mind its own business, the libertarians say. It ought to sort out disagreements between members of the public…and protect the public from wrongdoing. It ought to have not to drain the resources and productive output of one part of the population for the benefit of another. But so what? Who cares what the libertarians want?
December 14th, 2011 | Bill Bonner | 3 comments | ContinuedAll Posts Tagged With: "adam smith"
Inflationists Reappointed at the Fed
Why is the biggest story of the day? Because Ben Bernanke is a well-intentioned arsonist. Bernanke inherited an American and global economy built on an upside down pyramid of debt, with a very small asset base. When the entire edifice began to collapse in 2007, the Fed Chairman was slow to react.
August 26th, 2009 | Dan Denning | 1 comment | Continued
David Ricardo is the Dominant British Economist of the Nineteenth Century
David Ricardo is the dominant British economist of the nineteenth century, just as Adam Smith was the dominant economist of the eighteenth century, or Maynard Keynes of the twentieth century…
December 12th, 2008 | William Rees-Mogg | 2 comments | Continued
