Word: interventionism
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It is hard to fault an intervention that makes everyone better at what they do without an extremely compelling reason. If this power came in any other form, we would not hesitate to use it, just as few complain about how weight training makes athletes stronger and computers make students...
Though Franklin’s keen mind might immediately produce an aphorism from Poor Richard’s Almanac on the collapse of Wall Street in October, one of the other guests lingering at the table might be left utterly befuddled by the cataclysmic events of our time. Adam Smith...
The deal, which prevents German taxpayers' money from disappearing into the GM's all but empty coffers in the U.S., was a lifeline few Germans had expected. In the past, Chancellor Angela Merkel's conservative CDU party has steered clear of state intervention in the economy. But as the global...
The pro teams that do exist have problems of their own. The Chinese Super League, now the top-tier professional league in China, has been plagued by scandal in recent years. Despite government intervention to assign the best players to represent China at international tournaments, match-fixing, pitch violence, controversial...
What's not so clear is whether repaying TARP will turn out to be beneficial for investors. Analysts say getting out of TARP could be costly. Indeed, some worry that banks are putting their desire to rid themselves of government intervention ahead of their firms' bottom lines.