Capitalism argument far from over

Capitalism argument far from over

There are 1 comment on the Lebanon Daily News story from Dec 28, 2008, titled Capitalism argument far from over. In it, Lebanon Daily News reports that:

Celebrated progressive doyenne Arianna Huffington recently penned a brilliantly absurd piece titled "Laissez-Faire Capitalism Should Be as Dead as Soviet Communism." Huffington argues, in effect, that communism ...

Join the discussion below, or Read more at Lebanon Daily News.

Chad Sweigert

Egg Harbor Township, NJ

#1 Jan 8, 2009
The day congress effectually traded it's responsability to coin and regulate the american currency our Constitution told them to do, to the Federal Reserve Bank the USA was no longer a "Laissez-Faire Capitalism" operating economy.

We introduced a system to create regulation on the private sector by controling intrest rates. This creates the boom & bust cycles we see in the market. The suppression of the Free Market by the Federal Reserves adjustment of rates is the bust side, so it is easy to "blame" the system of free trade for the painful side of the Central Banks choices and decisions that fail. The market tries to fix itself and that is where the Federal Reserve acts on intrest rates so we see a boom. The problem right now is there is no specific area of risk anyone is willing to take so the Fed has to look blindly to the left and right and just drop rates. But no one wants to take a risk because no one wants to trust the economy they have created for us under the guise of Free Market.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Arianna Huffington Discussions

Title Updated Last By Comments
Walmart is unclean!!!. Feb '16 Carl 1
News Extremist politicians now treated as mainstream... Feb '16 USA today 1
News Donald Trump: even the Davos elite are alarmed Feb '16 USA today 1
News a HuffPo Meltdown: a Full Fascista Dec '15 USA today 1
News 'Rapacious' Arianna Huffington accused of deval... (Aug '15) Aug '15 USA Today 1
News HuffPost is speaking your language: News site l... (Aug '15) Aug '15 USA Today 1
News 'Absolutely Absurd'--Morning Joe Rips HuffPo fo... (Jul '15) Jul '15 USA Today 1
More from around the web