Can We Have an Economy without Losers?

I’m getting the feeling that our government is trying to design an economy in which nobody loses.  Is it possible to have an economy without losers? I don’t think so.  

Despite President Obama’s attempts to transform what was a national credit party into a government rescue party, every economy has its share of losers.  Ours can be no different.  The government can intervene but by doing so, it will either make matters worse or at best shift the losses from one group to the next.  Unfortunately, it seems that the Obama economic and political teams have decided to rescue almost every economic loser they can identify, with little regard for reality and the long term consequences. Read more

An Interview with Economist Peter Navarro on the Economic Crisis

Peter Navarro, Ph.D. is a professor of economics and public policy at the University of California, Irvine, and a regular contributor on CNBC.  I first learned about Professor Navarro when I reviewed his audio course Principles of Economics: Business, Banking, Finance, and Your Everyday Life.  Later, I discovered that Prof. Navarro had a website (www.peternavarro.com) where you can obtain free educational materials on economics as well as learn about and order the books he has written. Read more