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22%  
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  • The War Against Capitalism

    10/20/2010 8:51:57 AM PDT · by Stoutcat · 2 replies · 1+ views
    Grand Rants ^ | 10-20-10 | Stoutcat
    It’s a very subtle ploy, that statement, ”already making more money than most will earn in a lifetime.” Does it make you feel good? Glad for those billionaires, and proud of their enterprenurial spirit? Or does it make you feel slightly envious that these young kids will make more than you’ll ever see in your life? Yeah, me too. The ongoing repetition (only slightly unpalatable in single instances) permeates society these days. It’s in the press, on television, online… all the time. Captialism is evil; tax the rich; make the rich pay their fair share; they’ll make more than you’ll...
  • What Would Milton Friedman Say About Fed Policy Under Bernanke?

    10/20/2010 5:13:39 PM PDT · by Kaslin · 11 replies
    IBD Editorials ^ | October 20, 2010 | DAVID BECKWORTH AND WILLIAM RUGER
    Four years after his death, Milton Friedman's thoughts on monetary policy remain as relevant today as they were 30 years ago. Even Fed Chairman "Helicopter Ben" Bernanke (whose nickname comes from Friedman's famous "helicopter drop" idea for overcoming deflation) has referenced the Chicago don as an inspiration for his actions. However, Friedman's views may not be well understood even by those who would claim him as their intellectual fountainhead — which could be problematic for policy-making. So what would Milton Friedman say about our current monetary policy? First, low interest rates do not necessarily mean monetary policy is loose. Friedman...