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Archive for the ‘Economic Regulation’ Category

Another fine example of deregulation. I am sure Reagan and Friedman are very proud right now. Why Deregulation is Grand Conservatives think deregulation is a great idea. In fact, I cannot remember a single conservative supporting regulation. After all, government needs to get off of people’s backs, especially the backs of wealthy political donors like BP. In [...]

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Professor Friedman felt both that corporations had no business spending money for social good, and that business should not be regulated, because all regulation would eventually be captured by business interests. What type of world would this result in we wonder? Of the posts on this blog, those related to Milton Friedman seem to be [...]

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Behind Stanford’s pleasant exterior is a facist political agenda which is evidenced by their funding and hosting of the Hoover Institute. Hoover is both directed Stanford (although they deny it) and is a false front for Stanford and other wealthy patrons who have a very undemocratic streak. In an earlier article we noted that Hoover [...]

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Understanding Monopolies Our last post on monopolies gathered good reader interest, so we thought we would delve into the topic of monopolies a bit more. The question many people ask is “Is Google A Monopoly?” For some reason, this seems of more interest to many people that asking say…if Bank of America is a monopoly. [...]

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There was a huge focus on change during the Obama presidential campaign. However, after being elected, Obama had the opportunity, or at least the perceived opportunity to bring in fresh blood into the senior posts. However, Obama decided to select the same people from previous administrations. This was extremely concerning, particularly for the cabinet positions [...]

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Monopoly..the favorite game of corporations. When not playing it, or trying to become a monopoly, they like to get onto television shows talking about how much they love free markets.Why Discuss Monopolies? Of the people that visit this blog, a large percentage of them arrive at it through a single keyword “monopoly.” This is surprising [...]

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Who Was Adam Smith? Adam Smith was an economist who lived in the 1700s in Scotland had a great influence on economics through the writing of his book The Wealth of Nations. This book is quoted frequently by business majors and by conservatives as an explanation for how to setup an economic system. His most [...]

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The Hoover Institute has little to do with serious scholarship, and more to do with neo-con and ultraconservative ideology. Their research is clearly doctrinal and people with independent minds interested in real economics would be good to ignore the Institute’s ‘findings.” Real economists do perform research for them, but when they do, it is to [...]

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The Flawed Awarding to Milton Friedman The Nobel committee in economics has made some serious errors over the past several decades. One of the greatest gaffes of all time was awarding the prize to Milton Friedman. As extremist and irrational a supporter of elite power as an Islamic fundamentalist, Friedman’s supporters (mostly concentrated power) has [...]

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(picture from http://boicemail.blogspot.com/2007/05/may-7-2007-newsletter.html) While banks are begging for and getting money to cover their losses, what has been must less discussed is whether homeowners will be offered debt relief. Henry Paulson, the Secretary of the Treasury has stated that the number one thing the government can do for the average American is “stabilize the banking [...]

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