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Posts Tagged ‘LTCM’

Finance Industry as Welfare Queens

Posted in Alternate Economic Philosophies, Bailout, Inequality, Mortgages, tagged , , on March 16, 2009 | Leave a Comment »

As Noam Chomsky once said. “Adam Smith’s A Wealth of Nations is one of those books you are supposed to worship, but not read.” I don’t understand. Ever since I was small I was told that Adam Smith’s idea of everyone looking out for their best interests lead to the best long term good. Man [...]

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Lets Please Stop Giving the Nobel Prize for Economics

Posted in Economic Regulation, Economics, tagged , , on January 20, 2009 | Leave a Comment »

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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Milton Friedman – Economist/Intellectual Prostitute

Posted in Economic History, Economics, Misleading Financial Institutions, Monopoly, tagged , , , , , , , , , on January 10, 2008 | 14 Comments »

Abstract There is no more damaging academic in the 20th century than Milton Friedman. His philosophies caused widespread economic problems and inequality not only in his home country but internationally as well. Milton Friedman is considered a giant of 20th century economics, and is probably the most influential economist of the past 100 years. The [...]

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