Word: laissez
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...1930s. But the economy would still be helped if government simply chose to "fill old bottles with banknotes, bury them at suitable depths in disused coal mines, which are then filled up to the surface with town rubbish, and leave it to private enterprise on well-tried principles of laissez-faire to dig the notes up again." So far, bottle-burying isn't an element of the Obama stimulus plan. But just wait till next week...
...Reforming this broken system will be tough. You’ll need to deliver a tough message to industry: that the UDSA will no longer be a cheerleader for laissez-faire food production, and will instead become a guardian of its safety. And you’ll need to deliver an equally tough message to consumers: that reducing their own demand for artificially cheap, factory-farmed meat will be necessary to stop a public health, environmental, and ethical crisis...
...line. Even the whole concept of free, liberal economies has come under attack. Some observers have gone so far as to praise state-guided economies, like those of China or the Gulf emirates, where the government owns or controls large swaths of the economy, as superior to their laissez-faire counterparts. Columnist Joshua Kurlantzick wrote that these countries "have proven so successful that even before the crisis they caused world leaders to wonder if democratic capitalism might not be the best economic model after all." Americans, some contend, are only now waking up to the inherent dangers of the free...
...Reserve) designed to stabilize and equalize a volatile national economy. Indeed, Wilson faced a country whose rage over Wall Street corruption and plutocratic greed makes current class-based grumbling look decidedly mild. Wilson managed to survive the political storm and win re-election by forging a judicious path between laissez-faire and socialism. What's more, he did it in an era when "socialism" was a genuine grass-roots movement rather than an empty political charge...
...Suskind said that the first goal of the next president will be to bring about transparency and accountability in America’s financial system. Both qualities are necessary for an effective economic policy, he said. He also emphasized the importance of the elimination of the “laissez-faire approach” in which the driving rules were “whatever you could get away with” and “denial.” In addition, Suskind argued that the next president will have to battle to win the hearts and minds of the rest...