Yesterday, the stock market continued its recovery. The Dow was up 247 points. Oil sank to $54. Gold lost $7.40 to come to rest at $811…
November 28th, 2008 | Bill Bonner | 4 comments | ContinuedAll Posts Tagged With: "free market"
Housing Prices Are Still Going Down
The latest news from America tells us that housing prices are still going down in 4 out of 5 cities. Homebuilders’ wives are hiding the shotguns and pouring out the whiskey…
November 20th, 2008 | Bill Bonner | 6 comments | Continued
Hell, Meet Handbasket, Part II
When capital is allocated in a free market, it moves toward the productive, and the economy tends to prosper. By the same token, when it is misallocated, an economy can hit the skids. We’ve had decades of misallocated capital in the U.S. Instead of saving, we’ve been spending… way beyond our means.
November 14th, 2008 | Doug Hornig | 0 comments | Continued
Ranting Against Free markets and Wall Street
Obama is positioning himself as the Franklin version: ranting against free markets and Wall Street. McCain prefers Teddy - an interventionist too…
September 23rd, 2008 | Bill Bonner | 0 comments | Continued
Americans Used Their Economic Freedom to Ruin Themselves
The two great political figures of the last thirty years were Mrs. Thatcher and Mr. Reagan. These titans from the two sides of the Atlantic led the way to a new idea of how the world should work. Thenceforth, capitalism was king. But it was a new kind of capitalism they had crowned, one with a strange, unnatural face. It was not the old free enterprise, king of the jungle, red in tooth and claw.
March 31st, 2008 | Bill Bonner | 27 comments | Continued