Markets, State and Democracy: Lessons from the Economic Crisis

The libertarian model asserts that heavy state intervention in the economy is a threat to human liberty. But the recent history of market-based democracies has shown almost the reverse. The supposedly “small-state” model of the US has instead opened the door to massive inequalities of income, wealth and power.

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Now What? NYC's Election Year Fiscal Crisis

The boom is over, and the city’s families and neighborhoods are beginning to feel the consequences. Mayor Bloomberg managed seven years of rapid budget growth but now, as he prepares a run for a third term, the city faces potentially massive shortfalls. How fast and how hard will a sputtering economy and shrinking revenues hit city services?

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