Three cheers for the death of old economics | Anatole Kaletsky - Times Online

01/20/2010

Three cheers for the death of old economics | Anatole Kaletsky - Times Online

One of the few benign consequences of last year’s financial crisis was the exposure of modern economics as an emperor with no clothes. In February I argued that economists deserved as much blame as bankers, regulators and politicians. Quite a number of others, including Nobel laureate economists, made the same point that economics had to be urgently reinvented. These ideas have borne fruit much sooner than anyone expected with yesterday’s announcement of an Institute for New Economic Thought.

via www.timesonline.co.uk

This is CRAP CRAP CRAP... Soros is the enemy of FREEDOM, SOVEREIGNTY and ECONOMIC PROSPERITY of nations

Jan 20, 2010 3:57:27 PM

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Massive Government Intervention Drove U.S. Deeper Into Depression by Thomas Sowell Nothing established the idea that government intervention in the economy is essential like the Great Depression of the 1930s. The raw facts tell the story of that historic tragedy: National output fell by one-third between 1929 and 1933, thousands of banks failed, unemployment peaked at 25%, corporations as a whole lost money two years in a row. Prior to this time, no president had attempted to have the federal government intervene to bring a depression to an end. Many saw in the Great Depression the failure of free market capitalism as an economic system and a reason for seeking a radically different kind of economy — for some Communism, for some Fascism and for some the New Deal policies of Franklin D. Roosevelt's administration. read the rest here www.investors.com

LIBERTARIANED | Olbermoron via twitrpix.com