Saturday, October 31, 2009

George Soro's Tilting At Windmills

George Soros will donate $50 million to fight the "free market fundamentalism" that he believes has dominated economic thought.

As if "free market fundamentalism" implied big increases in government spending, bailouts and subsidies of big business, increased manipulation of the monetary system, most of which have been endorsed by most academic economists.....

What we would really need is not for George Soros to fund more of the same kind of ideas that have dominated public thoughts in recent decades, but for Soros's former business partner Jim Rogers or some other rich advocate of free markets to fund the revival of sound free market economics.