February 2009

Correlation Between Economic Freedom and Income

by Jimmy on February 12, 2009 · 2 comments in Economics

I was recently reading the Index of Economic Freedom World Rankings developed by the Heritage Foundation which is a measure of the economic freedom and opportunity in countries. In 1776, economist Adam Smith, in his influential work, The Wealth of Nations, formulated a theory that when institutions and governments protect the economic liberty of individuals, [...]

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More Examples of Corporatism. Goodbye Capitalism.

by Jimmy on February 6, 2009 · 1 comment in Communism

The New York Times recently posted a table that tracks the spending of the $700 billion bailout bill passed last October (see Tracking the $700 Billion Bailout). It lists, line by line, each of the companies that received money and how many billions each got. Here is the top ten: Free Market Capitalism Is Gone [...]

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