Word: interventionism
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Applying Smith's teachings to the modern world, then, is a much more complex and doubtful endeavor than it's usually made out to be. He certainly wouldn't have been opposed to every government intervention in the market. On financial reform, it's easy to imagine Smith supporting the...
But pleasure boaters were warned not to touch the water - and for good reason. Recent testing revealed the presence of heavy metals and pesticides, along with cancer-causing PCBs, concentrated in sediment at the bottom of the canal. The magnitude of the cleanup task seemed to call out for federal...
Obama's proposal, which calls for increasing federal aid to schools by 16% in 2011, to $29 billion, would leave identifying and fixing chronically low-performing schools to officials on state and local levels and curtail federal intervention in most others. The plan would also swap out NCLB's sticks...
Thaksin remains popular with the rural poor, who regard him as the only Prime Minister who addressed their problems. His universal health care and microcredit programs were labeled as progressive by supporters and populist vote-buying by detractors. But the protesters, operating under the name the United Front for Democracy...
While the relationship between Indonesia and Australia has improved dramatically since Australia's intervention in East Timor in 1999, even Yudhoyono admitted this week that it's still one of "love-hate." Since the 2002 Bali bombings, Australian travelers to Indonesia now receive a travel warning which Indonesia says promotes...