Economics - General

Capitalism on the ropes?

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).

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