free markets

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Crisis Turns Econ Theory on Its Ear:
Crisis Turns Econ Theory
on Its Ear:
OPINION
Jan 16, 2009 1:03 PM CST

Crisis Turns Econ Theory on Its Ear:

Models, and pols, don't account for biases, insecurities: Brooks

(Newser) - Classical economics is based on the idea that “reason rides the passions the way a rider sits atop a horse,” David Brooks writes in the New York Times—which means classical economics is pretty much out the window right now. The recession proves the market is a psychological...

Bush's Failures Show the Need for Pragmatic Prez

Like Hoover, Dubya stuck to his principles rather than compromise

(Newser) - What exactly made George W. Bush such a terrible president? His unwavering commitment to his principles, Alan Brinkley argues in the New Republic. Most Americans favor idealists over realists, in theory, so the criticism might seem strange. But the presidents we remember for their lofty goals and convictions—such as...

Bailouts a Fling for Nation Married to Free Market

Bailouts not a betrayal of free market ethos, really

(Newser) - Washington's bailout of the auto industry would normally "be a turning point in the history of American Capitalism,” writes Steven Pearlstein of the Washington Post. Now it’s business as usual in “Bailout Nation.” That doesn’t mean the US has abandoned its free market ethos,...

Poll: Americans Back Economic Intervention

A growing majority blames financial crisis on deregulation

(Newser) - A clear majority of Americans approve of Washington taking firm steps to intervene in the nation's struggling economy, a Los Angeles Times poll finds. Two-thirds favor tighter restrictions on financial institutions and 60% back help for homeowners facing foreclosure. A huge 87% blamed deregulation for the economic crisis—up 25% ...

Ex-Sen. Gramm Sticks to His Guns on Deregulation
Ex-Sen. Gramm Sticks to
His Guns on Deregulation
ANALYSIS
Nov 17, 2008 10:29 AM CST

Ex-Sen. Gramm Sticks to His Guns on Deregulation

Republican touts benefits of subprime loans, credit-default swaps as critics cry foul

(Newser) - While some experts argue his work contributed to the economic meltdown, former senator Phil Gramm stands by his efforts to deregulate the lending and financial sectors, the New York Times reports. “There is this idea afloat that if you had more regulation you would have fewer mistakes,” Gramm...

Euros See the End of American Dominance
 Euros See
 the End of American
 Dominance 
GLOSSIES
Oct 1, 2008 1:06 PM CDT

Euros See the End of American Dominance

After Bush, the arrogance of the United States is no more

(Newser) - When President Bush delivered his final address to the UN last week—harping on terrorism but barely bothering to mention the crisis in the global economy—world leaders in attendance buzzed about the disconnect, along with the disheveled hair and ill-fitting suit that seemed to mark him as a finished...

US Dominance Is Dead
 US Dominance Is Dead 
OPINION
Sep 28, 2008 11:38 AM CDT

US Dominance Is Dead

'Power is leaking from the US at an accelerating rate,' Guardian says

(Newser) - After decades of a scolding countries for irresponsible behavior, Uncle Sam has finally had his comeuppance, John Gray opines in the Guardian, concluding that “The era of American global leadership is over." Unable to silence Hugo Chavez, thwart Russian aggression in Georgia, appreciate Chinese fiscal practices, and halt...

Hard-Core Supply-Sider: I'm Voting for the Democrat

Former Chamber of Commerce honcho has had enough foreign policy disaster

(Newser) - Being a Reagan, Gingrich and Dole soldier won’t stop former Chamber of Commerce honcho Larry Hunter from voting for Barack Obama this fall, he writes in the New York Daily News. It doesn’t matter that he wholly disagrees with the Dem on every point of domestic policy; the...

US Smacked by the Invisible Hand
 US Smacked by
 the Invisible Hand 
ANALYSIS
Jul 16, 2008 2:12 PM CDT

US Smacked by the Invisible Hand

Americans are moving away from faith in free market

(Newser) - Are we losing confidence in market mechanisms? Years of unfettered free markets contributed to the current gloomy economic situation, and even the market-championing White House has lurched into government regulation of the financial world, the Los Angeles Times reports. With housing prices falling and oil prices rising, “the message...

Fannie/Freddie Troubles Signal Sea Change in Gov't Role

Feds now effectively the only lender in town

(Newser) - The teetering of Fannie Mae and Freddie Mac has underscored a major shift in US finance, writes Peter S. Goodman in the New York Times—once simply another guarantor, the government has effectively become the only lender in town "for millions of Americans engaged in the largest transactions of...

Stamp Price to Hit 42 Cents on Monday

First hike under a new law makes USPS more 'business-like'

(Newser) - There’s a run on the post office today as Americans snap up first class stamps before they cost a penny more on Monday, the Los Angeles Times reports. If the 42-cent price seems insignificant, just think of Netflix, which sends and receives nearly 2 million parcels a day, and...

Mexican Prez Predicts Friendlier US

Foresees better times for immigrants under new administration

(Newser) - Mexican President Felipe Calderon expects the next US administration to bring a “broader and more comprehensive view” to immigration, providing immigrants a path to legalization, he told the Los Angeles Times. For Calderon, Super Tuesday was heartening. “The most radical and anti-immigrant candidates have been left behind,”...

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