New Ideas From a New President, or More of the Same?
The Chileans are perplexed with us. On a recent visit to Santiago, Chile, I was talking with a colleague who said, “You were the ones that taught us about the free markets, and now here you are abandoning those principles and moving toward socialism.”
He has a point. I get the growing sense that we are witnessing the transition of our economy from a “market economy” to a “political economy.”
While I’ve been pleased with President Obama’s cabinet selections to date, his January 9 speech at George Mason University was unsettling. Continue Reading at FinancialAwakenings.com»