If you're a believer in the Larry Kudlow creed, that "free-market capitalism is the best path to prosperity," then look out, because George Soros is going to make you cringe.
A May 13 USA Today article by David J. Lynch profiled the Hungarian billionaire who said he sees traditional free market theory as "flawed."
"Of course, real life never matches up exactly with the theory's assumptions. But they represent, economists say, a useful way of making sense of a complex world," Lynch wrote.
"To Soros, the conventional approach is rubbish. Instead of a world of near-identical actors, coolly assessing their economic interests and acting with clear-eyed precision, he sees a world (and markets) governed by passion, bias and self-reinforcing errors," Lynch wrote. "Because fallible human beings are both involved in, and trying to make sense of, this world, they inevitably make mistakes. Those mistakes then feed on themselves in ‘reflexive' ways that, when taken to extremes, result in situations such as the now-deflating U.S. housing bubble."












Sen. John McCain may not have won the favor of Rush Limbaugh or Ann Coulter, but he has some upside in the eyes of The New Republic Editor Franklin Foer.
Although former U.S. Congressman, Joseph Kennedy III has been criticized for his Citgo commercial last year promoting discount heating oil provided by the Hugo Chavez Venezuelan government as a PR ploy, his latest commercial goes way beyond mere syrupy praise. Kennedy is now using the most recent Citgo commercial as a launchpad to blast the U.S. government and "Big Oil" as you can see in this