Interest rates have been cut around the world.
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It doesn't take a Nobel Prize economist to figure out Friedmanism, with its adherence to a religion of laissez faire and glorification of greed, is at the root of our economic mess.
We have known this for decades; the Great Depression proved beyond ALL doubt "free market economics" won't work for the same reason communistic running of economies didn't work: both ignore the realities of human nature. There has to be a referee which looks out for the best interests of society as a whole. The mixed economy is the best, with government being the referee.
(H/T Anglachel, Susie Madrak)
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Crater Lake National Park Photos 1
Here are a few pictures I took at Crater Lake National Park in southern Oregon today, including a couple of them from the historic lodge:
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Golden Tempo has won the 152nd Kentucky Derby. Jose Ortiz is the jockey. It is his first Derby win. This race is historic, for the fir... -
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Napoleon Solo has won the 151st Preakness Stakes at Laurel Park. Iron Honor tried to make a bid at the homestretch, he couldn't quite c... -
Another victory for Golden Tempo as he has won this year's Belmont Stakes at Saratoga. Cherie Devaux has won a second leg of the Tripl...
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