Unbiased Analysis of Today's Healthcare Issues

Capitalism on the ropes?

Written By: Jason Shafrin - Dec• 05•08

The S&P 500 is down 41% compared to last year.  The unemployment rate in the U.S. is now at 6.7%.  Large financial institutions are failing and droves of homeowners are defaulting on their mortgages.  Is it time to give up on capitalism?

Before we hand over the keys to the economy to President-elect Barack Obama, we should first heed this sage advice from Milton Friedman (video).

You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply

Your email address will not be published. Required fields are marked *