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Alan Greenspan: Fear Drives the Markets
Wednesday, October 23, 2013 - 10:11am | 540Read More...On the way to completing his new book, The Map and the Territory, Risk, Human Nature, and the Future of Forecasting, former Federal Reserve Chairman, Alan Greenspan had an epiphany. The epiphany, which Greenspan told The Wall Street Journal, “Upended my view of how the world works,” mostly...
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The Top Libertarians in Business Today
Friday, February 22, 2013 - 5:00pm | 1080Read More...Although the Libertarian Party never seems to climb out of the single digits in the polls, libertarians have a surprising influence in the business world and are well represented in a variety of sectors. Believe it or not, there's much more to libertarians besides Ayn Rand and Ron Paul....
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Is Capitalism Ethical? Looking for Morality in the Marketplace
Tuesday, May 22, 2012 - 9:47pm | 2687Read More...Is it time to reassess whether capitalism is an ethical, morally-proper economic system?I. Road to Freedom, Road to SerfdomOn Tuesday, NPR's Steve Inskeep spoke with the president of the American Enterprise Institute Arthur C. Brooks regarding Brooks' book, The Road to Freedom: How to Win the...
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Financial Stress and Extreme Political Ideologies: Can We Learn from History?
Friday, May 18, 2012 - 11:30am | 1540Read More...Can humanity afford to have history repeat itself? In June 2010, economist Paul Krugman discussed parallels between contemporary economic policies and events in the 1930s. At that time, Krugman wrote regarding the prospect of austerity policies in Europe: "How bad will it be? Will it really be...
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Humanity Shrugged: America's Crisis of Character and Clash of Conscience
Sunday, April 22, 2012 - 9:54pm | 2836Read More...The Wall Street Journal's Peggy Noonan had a very interesting article published April 20, 2012 discussing how America "seems to be on the wrong track, and not just economically." In light of economic and political issues in American culture, Noonan wrote that "more and more people are worried...
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Gary Weiss Talks Ayn Rand - the Laissez-Faire Capitalist
Tuesday, April 3, 2012 - 1:53pm | 1037Read More...Whether you like or loathe Ayn Rand (and there are plenty of people on either side of that wall), it is impossible to deny the impact that her ideology and philosophy have had on modern politics and economics. Many might find her notion that "selflessness is evil" to be repulsive, but others find...
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What Does Income Inequality Really Portend for the Future?
Friday, January 20, 2012 - 3:46pm | 2233Read More...Income inequality has become a hot issue in the current political debate, but what does income inequality really portend for the future?MarketWatch's Darrell Delamaide had an article Wednesday arguing that the issue of income inequality in the American political debate is not going away anytime...
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Capitalism in Crisis? Peril, Prosperity, and Global Risk
Tuesday, January 17, 2012 - 1:28pm | 2416Read More...Is capitalism in crisis?I. David Pilling had an interesting article for the Financial Times Sunday discussing problems with global capitalism and seeking economic prosperity while analyzing possible risks and perils with the capitalist system. The article portends that as economies in the West...
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New American Revolution or New American Civil War?
Wednesday, December 7, 2011 - 11:44am | 2995Read More...Marketwatch's Paul B. Farrell wrote a very interesting story Tuesday entitled "Super Rich vs. 99%: Class war will explode" regarding Occupy Wall Street, the evolution of class warfare, and the conservative response to the Occupy Wall Street movement. Farrell: "Forget politics. The 99%, the Occupy...
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Rise of the Shadow Economy: Second Largest Economy in the World
Saturday, November 5, 2011 - 2:01pm | 1459Read More...The fact that the shadow economy, or the black market or underground economy, is on the rise in the middle of a global financial crisis should be no surprise to economists.A recent post on Steven Levitt and Stephen Dubner's Freakonomics blog discussed the growth of the shadow economy across the...
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Munger: Megalomania, Insanity Caused Financial Collapse
Saturday, July 2, 2011 - 10:23am | 213Read More...Charles Munger, vice chairman of Berkshire Hathaway (NYSE: BRK-A), is known for telling it like he sees it. At a Pasadena conference on Friday, he had a few words to say about financial sector collapse of 2008. "The bubble in America was caused by some combination of megalomania, insanity and evil...
