Friedmanism at the Fed

How former New York Fed chair Stephen Friedman made a bundle on the AIG bailout [delve]

Hemp Gets the Nod for NZ

Industrial grade hemp will soon be growing in New Zealand after the Government today gave the green light for trial plantations of the controversial plant. [delve]

GREEN BILL ON HEMP DRAWN FROM BALLOT

Wellington, March 29 - A Green Party bill would remove industrial hemp from the Misuse of Drugs Act. Green MP Nandor Tanczos said today legislation he had drafted would make clear industrial hemp was not a drug but a useful cash crop which could be used to make a range of products -- such as rope, fabric, paper and fibre board. The seeds can be pressed for cosmetics, soap and health foods. Hemp is a variety of cannabis but has low levels (0.3 percent) of THC, the psychoactive ingredient in cannabis. Members' bills are drawn from a ballot to be heard every second Wednesday while the House is sitting. [delve]

Industrial Hemp Could Be Planted In Spring

Health Minister Annette King says planting of trial plots of industrial hemp could still proceed in spring, even though she did not receive recommendations as expected last Friday on criteria and licensing requirements. [delve]

The story of capitalism begins

The story of capitalism begins in the late 1700s in Scotland and northern England, with the birth of the Industrial Revolution.  Several particular ingredients came together there, which collectively launched the world onto its current path. [delve]

The rise of capitalist elites

Central to (Adam) Smith's model of a market  economy was the condition that all buyers and sellers must be small.  In this way, prices could not be influenced by individual actors, but would reach a fair and reasonable level - through fair competition between sellers, and comparison shopping on the part of buyers. [delve]

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