For supporters of freedom and markets, the Year of Our Lord 2008 has been close to a disaster. As D:Ream used to sing, things can only get better, surely? Ah, if only…
This was the year that saw two Presidential candidates vying with each other to see who could make the most ridiculous statements on global warming and the financial system (it may be the less ridiculous won). It was a year when one bunch of free-spending economic know-nothings gained complete…
Unfettered greed is the suspect many point at to explain the current economic crisis. To some extent, they are right, but it isn’t irrational greed on the part of bank managers or fat cat CEOs. It is the unwieldy bank regulations that forced the entire industry to walk the proverbial plank and then blame it for drowning.
Critics have alternately claimed that over-regulation and under-regulation are the causes for the current crisis. I believe one specific regulation, the Community Reinvestment Act…
Time magazine contributors Andy Serwer and Allan Sloan give us an article in the latest issue meant to explain what is going own with the current financial crisis (better explained here). Serwer and Sloan, for all their “combined 65 years of writing about business” can’t seem to produce any coherent or unbiased reporting on this crisis and the reasons for it. They just fall back lazily on an argument that has been circulating the last few days, placing the blame at the…
Some people seem to think that having a mind for business and profit means you must be some kind of money-grubbing miser. Far from it, according to new research featured at the Insider Online. It seems that entrepreneurs give more generously to charitable causes, at every level of income, than non-entrepreneurs. Go figure.
Read the whole paper here.
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