Bill Moyers: “Laissez-faire” is French for turning off the alarm until the burglars have made their getaway.

Bill Moyers has some sharp comments for those who believe that the Free Market offers free, effortless and unrivaled wisdom: [W]hen you worship market forces as if they were the gods of Olympus, then the gods can do no wrong - until, of course, they prove to be human. Then…

Continue ReadingBill Moyers: “Laissez-faire” is French for turning off the alarm until the burglars have made their getaway.

We need to hunt down and kill Adam Smith’s Invisible Hand.

Why fear the Invisible Hand?  Because the invisible hand is evil.  As construed by those conservatives currently in power, it is the economic equivalent of the Devil.  This conclusion is going to come as a shock to many conservatives, because they give homage to the invisible hand as though it…

Continue ReadingWe need to hunt down and kill Adam Smith’s Invisible Hand.