Tag: Laissez faire
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Pragmatism must recognize reality
Any editorial that starts with “Karl Marx was right about at least one thing …” deserves close examination, especially when it appears in Kansas’ largest newspaper and is written by that newspaper’s former editor. The thrust of Davis Merritt’s article is that the theory of free markets hasn’t worked: “We’re painfully experiencing right now the…
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Joe Scarborough: Please Stop Saying Laissez-faire
I’m listening to Joe Scarborough on MSNBC, and he says: “Laissez-faire capitalism is a wonderful thing except in this case …” I’ve heard stuff like this over and over the past few months: A politician says “I’m a big free-market guy, but …” What’s sad to realize is that these people think that what we…
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The Myth that Laissez Faire Is Responsible for Our Present Crisis
Professor George Reisman contributes the excellent (and lengthy) article The Myth that Laissez Faire Is Responsible for Our Present Crisis. I’ve had the distinct honor of attending a number of Professor Reisman’s lectures at the Ludwig von Mises Institute, and I’m slowly working my way through his monumental book Capitalism: A Treatise on Economics. Here’s…