Billy Foster, PhD

Billy Foster

Clinical Assistant Professor of Economics at

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Quotations

Adam Smith long ago taught us the difference between being pro-business and pro-free-market. Pro-business or corporatism means easy money, protection from competition, and bailouts at taxpayer expense. Pro-free-market means businesses are on their own in a competitive environment trying to serve consumers. We need to reject corporatism and embrace the free market. — Sheldon Richman, The Most Dangerous Derivative (2011)

Posts Tagged ‘banking’

Sheldon Richman, the Editor of The Freeman Magazine, lectures on the Most Dangerous Derivative: Power & Privilege in the Corporate State.

When Elizabeth Warren stresses the urgency of Wall Street reform, Jon wants to make out with her. From January 26th, 2010