The differences between different economic systems, explained via cow distribution… Hmmmm:
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Leaders Aim to “Re-Balance” the World Economy
The Group of 20 (G20) met in Scotland over the weekend, bringing together central bankers and financiers of nineteen countries, and the European Union (EU). The collection of nations constitute 80% of world trade and two-thirds of the world’s population. (1) Discussions of “re-balancing” the world economy have taken place over the last few months by members of the G20; those sentiments continued this weekend in St. Andrews, but apparently only in general terms. (2)
under: Deficits, Dollar, Dubiously Free Trade, Energy, Federal Reserve, Individual v. Collective, Live and Learn, Trust
Tags: asset bubble, Bernanke, capitalism, central planning, currency, current account, dividends, Federal Reserve, financial system, foreign aid, G20, IMF, interest, socialism, Treasury
Everything’s Amazing but Nobody’s Happy
The economy is in rough shape, life sucks and the world is probably coming to an end very soon. But as Louis CK made clear with Conan O’Brien, sometimes you gotta look on the bright side:
Milton Friedman on Capitalism & Greed
Milton Friedman is interviewed by Phil Donahue about the “downfalls” of capitalism and free markets. Friedman didn’t see eye to eye.
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