An interview with friend of ACC Peter Schweizer on how crony capitalism infects a society and mutates the economy.
Tag Archives: economics
Manufacturing in U.S. Shrinks at Fastest Pace in Four Years
This ain’t good. And yet nary a tremble from the market. I wonder why?
What is economic growth? (and why we won’t have any)
An interesting essay on where our definition of “economic growth” comes from. It is a highly manipulated term.
The Friedmanite Corruption of Capitalism
There is quite a lot of debate about Milton Friedman and his “libertarianess.” I think it was clear that in general he definitely was a libertarian. But though he was absolutely a champion of liberty on many levels, on perhaps the most important level, the nature and purpose of money, he was not.
Keep laws simple, few, and moral to reduce crime and grow the economy. (Video)
If society criminalizes large parts of the economy, of human activity, it obviously creates criminals. But if laws are straightforward and widely recognized by a society as being grounded in common sense, criminals are few and the cost to taxpayers is small(er). Everyday people also don’t feel like fat cat crony capitalists are manipulating the law for their benefit as there are few laws to manipulate.
Some thoughts on this from Milton Friedman.
Washington DC is Awash in Money, Welcome to Your Shining Crony Capitalist Capital City
Washington DC is indeed booming. Over the past 5 years billions and billions of tax dollars have been poured into the local economy. Contractors of all sorts fill the mirrored buildings surrounding DC. The roads are choked with commuters, many of whom are new transplants from the less prosperous regions of the country. The wealth of a nation has been aggregated in and around the Beltway. Money is here and millions are being “made.” (Really, being redistributed.)
Bernanke’s Cures Are the Economy’s Disease
So the Fed is going to “taper” away the quantitative easing, the printing of money, in which it is currently engaged. Bernanke (or Larry Summers—shudder) will one day allow interest rates to rise back to normal levels. Don’t worry, the economy will emerge from this radical economic experiment and all will be well. You’ll see. Ben promises.
Political intelligence firms set up meetings for investment firms (looking for information) at White House
The Simple Truth About Keynesian Economic Policies From a Reliable Source
In a recent review of a book by David Stockman, Laurence Siegel, the uber-respected director of research at the Research Foundation of CFA [Certified Financial Analysts] Institute in Charlottesville, VA, had this to say about the Keynesian policies that currently guide world governments:
“It is hard to overstate the extent to which the following Keynesian views are simply assumed by people to be correct:
Tom Woods: Do Libertarians Support Crony Capitalism?
For those who are unfamiliar with Tom Woods I suggest you get to know him. He is a rigorous thinker, an entertaining writer, and from what I can tell seems to be a pretty cool guy generally. He drives a minivan and readily admits it. His book Meltdown, dealing with the financial crisis of 2008, is a book everyone should have on their shelf or loaded on their tablet.
