Friday, April 25, 2008

Nobel Prize Winners Want more Regulation

Watching CNBC this morning, with interviews of two Nobel Prize winners in economics.

Of course, since CNBC is so protective of their videos I can't quite figure out how to grab and embed if there's even a way. And I'm still searching for access to the transcripts and bios, but here's the boiled down version.

Both Nobel Prize winning economists endorsed Barack Obama. Why?

Both suggested that the government needed to regain a massive regulation philosophy. So ... economists who want massive government command and control (of course since leaving decision to individuals is a lot harder to predict) want Barack Obama as their President.

Economists wanting Big Brother control: Edmund Phelps (his email if you want to send him a note of socialist thanks) and Joseph Stiglitz

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