archive

Let there be markets

From Fortune, why the bailout may not be enough: Cleaning up banks' balance sheets is a start, but the government may need to do more. From Business Week, what does Henry Paulson do now? A look at why the Paulson package is not the end of capitalism. We don't just need to recapitalize the banks — we need to reconceptualize capitalism. From Newsweek, Francis Fukuyama on The Fall of America, Inc.: Along with some of Wall Street's most storied firms, a certain vision of capitalism has collapsed. Capitalism to the Rescue: Can the venture capitalists at Kleiner Perkins reduce our dependence on oil, help stop global warming and make a lot of money at the same time? He foresaw the end of an era: A review of The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means by George Soros. Jeffrey Sachs on how to fix the US financial crisis. How free should a free market be? It appears that we still have not had enough central planning in finance. Tim Harford on why Americans should stop complaining about the "moral hazard" problem and enjoy the bailout. How today's debacle recalls James Madison's nightmare at the founding that none would have the virtue to lead. Alan Wolfe on why the economic crisis won't transform America. Let there be markets: An article on the evangelical roots of economics. A look at why your boss is white, middle-class and a show-off.