With so many people blaming the economic meltdown of 2008 on capitalism, I just had to share the following video by Harvard economist, Jeff Miron. I get so frustrated by the claims that capitalism has failed us, and Dr. Miron does a great job refuting these claims.





Comments


Written by businessavante
3963 days ago

Fred, this is why I think Baseball's got it right - in a Capitalistic country, if an owner wants to spend more to get better players, let him - it's the American way.

This "we should have completely equal spending so anyone/any city can win bit" (please read that in a high, whiny, nasal voice) is fine for Communist countries, but it's not our way.

Duncan



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