Free Republic

Many of you may be too young to remember the American comedy duo, Abbott and Costello, and the old, infamous “Who’s on First” skit. The skit referred to nicknames of baseball players and the positions they played on the field, including “I Don’t Know” who played third base. A new survey reminded me of “I Don’t Know” is on third.Pew Research has released a survey stating that only 24% of Americans were able to name Janet Yellen as the current chair of the Federal Reserve. In some ways, it is not shocking the masses are not familiar with her; however,...

Capitalism and the credit crunch By Samuel Brittan Published: September 11 2008 18:33 | Last updated: September 11 2008 18:33 What does the great credit crunch do to the case for competitive capitalism? Many revisionist left-of-centre politicians not only have risked their careers to make the case for market forces, but have also had to jettison their deepest lifetime convictions. Are they now to stand on their heads and say they have been wrong all along? And if they did so, where would they turn? Even if in the end we suffer no more than an average post-second- world-war recession...