“There is no disagreement,” said President Obama, “that we need action by our government, a recovery plan that will help jump start the economy.” Those chilling words were said in January, but we were reminded of that sentiment yesterday when President Obama claimed that “…economists on both the left and …
For the next few days, weeks and probably years, we’re going to hear a lot about what caused the financial crisis and led to a $700 bailout. And we’ve already heard presidential nominees, Members of Congress and political analysts blame free markets and deregulatory policies over the past 8 years. …
Robert Lawson has a great post at Division of Labor exploring the relation between power, free markets, and government: Let’s explore this point a bit by comparing the concentration of financial power in the hands of the 535 members of the United States Congress with the concentration of financial power …
