Posted in Critical Thinking, Finance, History, Philosophy, tagged Alan Greenspan, capitalism, flaw, free-markets, Henry Waxman, Individualism, self-interest on February 7, 2009 | 6 Comments »
Alan Greenspan was on C-Span in October testifying before a congressional committee on the root of the financial crisis. In this video, he is interrogated by Congressman Henry Waxman, Chairman of the Oversight and Government Reform Committee.
It is important to note here that Alan Greenspan is a proponent of market deregulation [...]
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In this clip, Yaron Brook of the Ayn Rand Institute and Peter Schiff of Euro Pacific Capital explain why the new mortgage reform bill wil hurt housing market and economy. The discussion hints at restrictive regulations in the wake of irresponsible actions of the U.S. government.
Government intervention is contrary to the principles of free market [...]
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Posted in Critical Thinking, Finance, Philosophy, tagged bailout, capitalism, economic stimulus, Federal Reserve, financial crisis, Gary Kaltbaum, Peter Schiff, Victoria Barrett, Yaron Brook on December 29, 2008 | 2 Comments »
An interesting panel: Peter Schiff author of “Crash Proof”, Dr. Yaron Brook from the Ayn Rand Institute, Victoria Barrett associate editor for Forbes Magazine, and Gary Kaltbaum of garyk.com. The panel criticizes the actions of the U.S. government, Federal Reserve, and discusses the future of the economy.
Watch Peter Schiff plug in Ron Paul and Yaron Brook [...]
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Posted in Critical Thinking, Finance, Philosophy, Politics, tagged Ayn Rand, bailout, capitalism, financial crisis, intervention, laissez-faire, objectivism, Yaron Brook on December 29, 2008 | Leave a Comment »
The Ayn Rand Institute is an organization which provides material on the author Ayn Rand’s works and philosophy: Objectivism. Dr. Yaron Brook is part of the Ayn Rand Institute and along with his Objectivitst colleagues, a vocal critic of the U.S. government’s actions to date in response to the economic crisis.
Dr. Yaron [...]
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Posted in Critical Thinking, Finance, Politics, tagged automakers, bailout, Big 3, capitalism, Chrysler, financial crisis, Ford, GM, moral hazard, socialism on November 19, 2008 | 1 Comment »
After the bailout of the mortgage firms and big banks, the large US automakers are now asking for Uncle Sam’s assistance in the news yesterday:
WASHINGTON (AP) — Detroit’s Big Three automakers pleaded with a reluctant Congress Tuesday for a $25 billion lifeline to save the once-proud titans of U.S. industry, pointedly warning of a national [...]
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Posted in Critical Thinking, Finance, Philosophy, tagged capitalism, Forbes, Henry Sy, monetary system, money, richest, wealth on October 17, 2008 | 3 Comments »
They say money is a perfect way of keeping score on life. Every year, Forbes magazine publishes that score for people to see, and in recent years–this list has been segmented by region (as the total list is pretty much dominated by American billionaires).
Financemanila writes:
The list of 40 takes the booby prize among the region’s [...]
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This is really funny. It seems that capitalist United States is hoping that Communist China doesn’t act like a capitalist and unload U.S. government debt.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=anZHfo6tQi60
Asia Needs Deal to Prevent Panic Selling of U.S. Debt, Yu Says
By Kevin Hamlin
Sept. 25 (Bloomberg) — Japan, China and other holders of U.S. government debt must quickly reach an [...]
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