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	<title>Comments on: What happened to FREE markets in London?</title>
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	<link>http://keithhennessey.com/2009/04/03/what-happened-to-free-markets-in-london/</link>
	<description>Your guide to American economic policy</description>
	<lastBuildDate>Wed, 17 Mar 2010 19:57:44 -0400</lastBuildDate>
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		<title>By: Twitter Trackbacks for What happened to FREE markets in London?  &#124;  KeithHennessey.com [keithhennessey.com] on Topsy.com</title>
		<link>http://keithhennessey.com/2009/04/03/what-happened-to-free-markets-in-london/comment-page-2/#comment-9300</link>
		<dc:creator>Twitter Trackbacks for What happened to FREE markets in London?  &#124;  KeithHennessey.com [keithhennessey.com] on Topsy.com</dc:creator>
		<pubDate>Sun, 30 Aug 2009 07:18:46 +0000</pubDate>
		<guid isPermaLink="false">http://keithhennessey.com/2009/04/03/what-happened-to-free-markets-in-london/#comment-9300</guid>
		<description></description>
		<content:encoded><![CDATA[<p>[...] What happened to FREE markets in London?  |  KeithHennessey.com  keithhennessey.com/2009/04/03/what-happened-to-free-markets-in-london &ndash; view page &ndash; cached  Thanks to Reuters’ MacroScope blog for noticing: Keith Hennessey, a former top economic adviser to President George W. Bush, saw this one coming. He &mdash; From the page [...]
<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('9300','Twitter Trackbacks for What happened to FREE markets in London?&Acirc;&nbsp;&Acirc;&nbsp;|&Acirc;&nbsp;&Acirc;&nbsp;KeithHennessey.com &amp;#91;keithhennessey.com&amp;#93; on Topsy.com'); return false;">Reply</a>  &#8211; <a href="#" class="quote" onclick="quote('9300','Twitter Trackbacks for What happened to FREE markets in London?&Acirc;&nbsp;&Acirc;&nbsp;|&Acirc;&nbsp;&Acirc;&nbsp;KeithHennessey.com &amp;#91;keithhennessey.com&amp;#93; on Topsy.com','&amp;#91;...&amp;#93; What happened to FREE markets in London?&Acirc;&nbsp;&Acirc;&nbsp;|&Acirc;&nbsp;&Acirc;&nbsp;KeithHennessey.com  keithhennessey.com\/2009\/04\/03\/what-happened-to-free-markets-in-london &amp;ndash; view page &amp;ndash; cached  Thanks to Reuters&acirc; MacroScope blog for noticing: Keith Hennessey, a former top economic adviser to President George W. Bush, saw this one coming. He &amp;mdash; From the page &amp;#91;...&amp;#93;'); return false;">Quote</a></div>
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		<title>By: The Financial Crisis Inquiry Commission&#160;&#124;&#160;KeithHennessey.com</title>
		<link>http://keithhennessey.com/2009/04/03/what-happened-to-free-markets-in-london/comment-page-2/#comment-3652</link>
		<dc:creator>The Financial Crisis Inquiry Commission&#160;&#124;&#160;KeithHennessey.com</dc:creator>
		<pubDate>Thu, 16 Jul 2009 16:05:38 +0000</pubDate>
		<guid isPermaLink="false">http://keithhennessey.com/2009/04/03/what-happened-to-free-markets-in-london/#comment-3652</guid>
		<description>[...] Six month economic policy status update [...]&lt;div class=&quot;comment-remix-meta&quot;&gt;&lt;a href=&quot;#&quot; class=&quot;replyto&quot; onclick=&quot;replyto(&#039;3652&#039;,&#039;The Financial Crisis Inquiry Commission&nbsp;&#124;&nbsp;KeithHennessey.com&#039;); return false;&quot;&gt;Reply&lt;/a&gt;  - &lt;a href=&quot;#&quot; class=&quot;quote&quot; onclick=&quot;quote(&#039;3652&#039;,&#039;The Financial Crisis Inquiry Commission&nbsp;&#124;&nbsp;KeithHennessey.com&#039;,&#039;&#91;...&#93; Six month economic policy status update &#91;...&#93;&#039;); return false;&quot;&gt;Quote&lt;/a&gt;&lt;/div&gt;</description>
		<content:encoded><![CDATA[<p>[...] Six month economic policy status update [...]
<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('3652','The Financial Crisis Inquiry Commission&amp;nbsp;|&amp;nbsp;KeithHennessey.com'); return false;">Reply</a>  &#8211; <a href="#" class="quote" onclick="quote('3652','The Financial Crisis Inquiry Commission&amp;nbsp;|&amp;nbsp;KeithHennessey.com','&amp;#91;...&amp;#93; Six month economic policy status update &amp;#91;...&amp;#93;'); return false;">Quote</a></div>
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		<title>By: AAP</title>
		<link>http://keithhennessey.com/2009/04/03/what-happened-to-free-markets-in-london/comment-page-1/#comment-139</link>
		<dc:creator>AAP</dc:creator>
		<pubDate>Thu, 09 Apr 2009 14:36:41 +0000</pubDate>
		<guid isPermaLink="false">http://keithhennessey.com/2009/04/03/what-happened-to-free-markets-in-london/#comment-139</guid>
		<description>Why is this so shocking? Y&#039;all messed up. Everyone sees it clearly now. Your platitudes ring hollow, time to face the music.&lt;div class=&quot;comment-remix-meta&quot;&gt;&lt;a href=&quot;#&quot; class=&quot;replyto&quot; onclick=&quot;replyto(&#039;139&#039;,&#039;AAP&#039;); return false;&quot;&gt;Reply&lt;/a&gt;  - &lt;a href=&quot;#&quot; class=&quot;quote&quot; onclick=&quot;quote(&#039;139&#039;,&#039;AAP&#039;,&#039;Why is this so shocking? Y&#039;all messed up. Everyone sees it clearly now. Your platitudes ring hollow, time to face the music.&#039;); return false;&quot;&gt;Quote&lt;/a&gt;&lt;/div&gt;</description>
		<content:encoded><![CDATA[<p>Why is this so shocking? Y&#039;all messed up. Everyone sees it clearly now. Your platitudes ring hollow, time to face the music.
<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('139','AAP'); return false;">Reply</a>  &#8211; <a href="#" class="quote" onclick="quote('139','AAP','Why is this so shocking? Y&amp;#039;all messed up. Everyone sees it clearly now. Your platitudes ring hollow, time to face the music.'); return false;">Quote</a></div>
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		<title>By: Someone stole the 'free' from free markets - News and Opinion Blog of Blogs</title>
		<link>http://keithhennessey.com/2009/04/03/what-happened-to-free-markets-in-london/comment-page-1/#comment-138</link>
		<dc:creator>Someone stole the 'free' from free markets - News and Opinion Blog of Blogs</dc:creator>
		<pubDate>Thu, 09 Apr 2009 13:48:26 +0000</pubDate>
		<guid isPermaLink="false">http://keithhennessey.com/2009/04/03/what-happened-to-free-markets-in-london/#comment-138</guid>
		<description></description>
		<content:encoded><![CDATA[<p>[...] week.&nbsp;Comparing the text to a declaration issued after a November meeting of the same group, he notes severeal key changes:“… a commitment to free market principles …” has been replaced by “… based on market [...]
<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('138','Someone stole the \'free\' from free markets - News and Opinion Blog of Blogs'); return false;">Reply</a>  &#8211; <a href="#" class="quote" onclick="quote('138','Someone stole the \'free\' from free markets - News and Opinion Blog of Blogs','&amp;#91;...&amp;#93; week.&amp;nbsp;Comparing the text to a declaration issued after a November meeting of the same group, he notes severeal key changes:&acirc;&acirc;&brvbar; a commitment to free market principles &acirc;&brvbar;&acirc; has been replaced by &acirc;&acirc;&brvbar; based on market &amp;#91;...&amp;#93;'); return false;">Quote</a></div>
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		<title>By: Wednesday prawns &#124; And Still I Persist</title>
		<link>http://keithhennessey.com/2009/04/03/what-happened-to-free-markets-in-london/comment-page-1/#comment-137</link>
		<dc:creator>Wednesday prawns &#124; And Still I Persist</dc:creator>
		<pubDate>Wed, 08 Apr 2009 11:45:57 +0000</pubDate>
		<guid isPermaLink="false">http://keithhennessey.com/2009/04/03/what-happened-to-free-markets-in-london/#comment-137</guid>
		<description>[...] Keith Hennessy, who raised concerns about the lack of &#8220;free market&#8221; references in the G-20 summit statement, gives Obama credit for directly addressing the need for free trade while speaking [...]&lt;div class=&quot;comment-remix-meta&quot;&gt;&lt;a href=&quot;#&quot; class=&quot;replyto&quot; onclick=&quot;replyto(&#039;137&#039;,&#039;Wednesday prawns &#124; And Still I Persist&#039;); return false;&quot;&gt;Reply&lt;/a&gt;  - &lt;a href=&quot;#&quot; class=&quot;quote&quot; onclick=&quot;quote(&#039;137&#039;,&#039;Wednesday prawns &#124; And Still I Persist&#039;,&#039;&#91;...&#93; Keith Hennessy, who raised concerns about the lack of &#8220;free market&#8221; references in the G-20 summit statement, gives Obama credit for directly addressing the need for free trade while speaking &#91;...&#93;&#039;); return false;&quot;&gt;Quote&lt;/a&gt;&lt;/div&gt;</description>
		<content:encoded><![CDATA[<p>[...] Keith Hennessy, who raised concerns about the lack of &#8220;free market&#8221; references in the G-20 summit statement, gives Obama credit for directly addressing the need for free trade while speaking [...]
<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('137','Wednesday prawns | And Still I Persist'); return false;">Reply</a>  &#8211; <a href="#" class="quote" onclick="quote('137','Wednesday prawns | And Still I Persist','&amp;#91;...&amp;#93; Keith Hennessy, who raised concerns about the lack of &amp;#8220;free market&amp;#8221; references in the G-20 summit statement, gives Obama credit for directly addressing the need for free trade while speaking &amp;#91;...&amp;#93;'); return false;">Quote</a></div>
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		<title>By: Eric Kraus</title>
		<link>http://keithhennessey.com/2009/04/03/what-happened-to-free-markets-in-london/comment-page-1/#comment-135</link>
		<dc:creator>Eric Kraus</dc:creator>
		<pubDate>Tue, 07 Apr 2009 00:48:17 +0000</pubDate>
		<guid isPermaLink="false">http://keithhennessey.com/2009/04/03/what-happened-to-free-markets-in-london/#comment-135</guid>
		<description>There seems to be an inability to grasp the evolution in the world. America&#039;s fine rhetoric now trades at a deep discount.  China is now the one to watch. The Chinese never signed on to your vocabulary. The Russians did - in the 1990s - it didnt work out too well for them, and since 2000 Mr.Putin has used a rather different lexicon. The words count for little, but the thinking behind them is evolving and NOT towards the Washington consensus&lt;div class=&quot;comment-remix-meta&quot;&gt;&lt;a href=&quot;#&quot; class=&quot;replyto&quot; onclick=&quot;replyto(&#039;135&#039;,&#039;Eric Kraus&#039;); return false;&quot;&gt;Reply&lt;/a&gt;  - &lt;a href=&quot;#&quot; class=&quot;quote&quot; onclick=&quot;quote(&#039;135&#039;,&#039;Eric Kraus&#039;,&#039;There seems to be an inability to grasp the evolution in the world. America&#039;s fine rhetoric now trades at a deep discount.  China is now the one to watch. The Chinese never signed on to your vocabulary. The Russians did - in the 1990s - it didnt work out too well for them, and since 2000 Mr.Putin has used a rather different lexicon. The words count for little, but the thinking behind them is evolving and NOT towards the Washington consensus&#039;); return false;&quot;&gt;Quote&lt;/a&gt;&lt;/div&gt;</description>
		<content:encoded><![CDATA[<p>There seems to be an inability to grasp the evolution in the world. America&#039;s fine rhetoric now trades at a deep discount.  China is now the one to watch. The Chinese never signed on to your vocabulary. The Russians did &#8211; in the 1990s &#8211; it didnt work out too well for them, and since 2000 Mr.Putin has used a rather different lexicon. The words count for little, but the thinking behind them is evolving and NOT towards the Washington consensus
<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('135','Eric Kraus'); return false;">Reply</a>  &#8211; <a href="#" class="quote" onclick="quote('135','Eric Kraus','There seems to be an inability to grasp the evolution in the world. America&amp;#039;s fine rhetoric now trades at a deep discount.  China is now the one to watch. The Chinese never signed on to your vocabulary. The Russians did - in the 1990s - it didnt work out too well for them, and since 2000 Mr.Putin has used a rather different lexicon. The words count for little, but the thinking behind them is evolving and NOT towards the Washington consensus'); return false;">Quote</a></div>
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		<title>By: ___ » Blog Archive &#187; G20: Das ENDE von &#8220;FREI&#8221;</title>
		<link>http://keithhennessey.com/2009/04/03/what-happened-to-free-markets-in-london/comment-page-1/#comment-114</link>
		<dc:creator>___ » Blog Archive &#187; G20: Das ENDE von &#8220;FREI&#8221;</dc:creator>
		<pubDate>Mon, 06 Apr 2009 20:51:40 +0000</pubDate>
		<guid isPermaLink="false">http://keithhennessey.com/2009/04/03/what-happened-to-free-markets-in-london/#comment-114</guid>
		<description>[...] Keith Hennessey führte eine Analyse der April und November G20 Verlautbarung durch. [...]&lt;div class=&quot;comment-remix-meta&quot;&gt;&lt;a href=&quot;#&quot; class=&quot;replyto&quot; onclick=&quot;replyto(&#039;114&#039;,&#039;___ &#194;&#187; Blog Archive &raquo; G20: Das ENDE von &#8220;FREI&#8221;&#039;); return false;&quot;&gt;Reply&lt;/a&gt;  - &lt;a href=&quot;#&quot; class=&quot;quote&quot; onclick=&quot;quote(&#039;114&#039;,&#039;___ &#194;&#187; Blog Archive &raquo; G20: Das ENDE von &#8220;FREI&#8221;&#039;,&#039;&#91;...&#93; Keith Hennessey f&#195;&#188;hrte eine Analyse der April und November G20 Verlautbarung durch. &#91;...&#93;&#039;); return false;&quot;&gt;Quote&lt;/a&gt;&lt;/div&gt;</description>
		<content:encoded><![CDATA[<p>[...] Keith Hennessey führte eine Analyse der April und November G20 Verlautbarung durch. [...]
<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('114','___ &Acirc;&raquo; Blog Archive &amp;raquo; G20: Das ENDE von &amp;#8220;FREI&amp;#8221;'); return false;">Reply</a>  &#8211; <a href="#" class="quote" onclick="quote('114','___ &Acirc;&raquo; Blog Archive &amp;raquo; G20: Das ENDE von &amp;#8220;FREI&amp;#8221;','&amp;#91;...&amp;#93; Keith Hennessey f&Atilde;&frac14;hrte eine Analyse der April und November G20 Verlautbarung durch. &amp;#91;...&amp;#93;'); return false;">Quote</a></div>
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		<title>By: Ninth</title>
		<link>http://keithhennessey.com/2009/04/03/what-happened-to-free-markets-in-london/comment-page-1/#comment-133</link>
		<dc:creator>Ninth</dc:creator>
		<pubDate>Mon, 06 Apr 2009 13:53:44 +0000</pubDate>
		<guid isPermaLink="false">http://keithhennessey.com/2009/04/03/what-happened-to-free-markets-in-london/#comment-133</guid>
		<description>Pat,
i think you are misguided about the content of our constitution.

And, you are right about the importance of actions vs words when it comes to sustaining free market principles. I think that in any case, removing text that upholds the right to private property and the rule of law is worrisome in any context, crisis or otherwise.&lt;div class=&quot;comment-remix-meta&quot;&gt;&lt;a href=&quot;#&quot; class=&quot;replyto&quot; onclick=&quot;replyto(&#039;133&#039;,&#039;Ninth&#039;); return false;&quot;&gt;Reply&lt;/a&gt;  - &lt;a href=&quot;#&quot; class=&quot;quote&quot; onclick=&quot;quote(&#039;133&#039;,&#039;Ninth&#039;,&#039;Pat,\ni think you are misguided about the content of our constitution.\n\nAnd, you are right about the importance of actions vs words when it comes to sustaining free market principles. I think that in any case, removing text that upholds the right to private property and the rule of law is worrisome in any context, crisis or otherwise.&#039;); return false;&quot;&gt;Quote&lt;/a&gt;&lt;/div&gt;</description>
		<content:encoded><![CDATA[<p>Pat,<br />
i think you are misguided about the content of our constitution.</p>
<p>And, you are right about the importance of actions vs words when it comes to sustaining free market principles. I think that in any case, removing text that upholds the right to private property and the rule of law is worrisome in any context, crisis or otherwise.
<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('133','Ninth'); return false;">Reply</a>  &#8211; <a href="#" class="quote" onclick="quote('133','Ninth','Pat,\ni think you are misguided about the content of our constitution.\n\nAnd, you are right about the importance of actions vs words when it comes to sustaining free market principles. I think that in any case, removing text that upholds the right to private property and the rule of law is worrisome in any context, crisis or otherwise.'); return false;">Quote</a></div>
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		<title>By: pat toche</title>
		<link>http://keithhennessey.com/2009/04/03/what-happened-to-free-markets-in-london/comment-page-1/#comment-132</link>
		<dc:creator>pat toche</dc:creator>
		<pubDate>Mon, 06 Apr 2009 05:46:11 +0000</pubDate>
		<guid isPermaLink="false">http://keithhennessey.com/2009/04/03/what-happened-to-free-markets-in-london/#comment-132</guid>
		<description>Hi there,


How important is the wording in a statement of intent? Doesn&#039;t your constitution have somewhere that it&#039;s ok to shoot your neighbor -- do you shoot your neighbor? Wasn&#039;t eastern Europe supposed to be &quot;popular democracies&quot; -- what matters more: words or actions?

Do you know how to translate &quot;free markets&quot; into Chinese? is it &quot;unfettered&quot;? is it &quot;unregulated&quot;? is it &quot;wild&quot;? Some markets are more &quot;free&quot; in China than they are in the US, does that make China the model to follow?

The Bush administration repeatedly stated that it cared about deficits and debt, but they  didn&#039;t do a great job with that, did they? Obama at least is telling the truth about this particular aspect of his policy.&lt;div class=&quot;comment-remix-meta&quot;&gt;&lt;a href=&quot;#&quot; class=&quot;replyto&quot; onclick=&quot;replyto(&#039;132&#039;,&#039;pat toche&#039;); return false;&quot;&gt;Reply&lt;/a&gt;  - &lt;a href=&quot;#&quot; class=&quot;quote&quot; onclick=&quot;quote(&#039;132&#039;,&#039;pat toche&#039;,&#039;Hi there,\n\n\nHow important is the wording in a statement of intent? Doesn&#039;t your constitution have somewhere that it&#039;s ok to shoot your neighbor -- do you shoot your neighbor? Wasn&#039;t eastern Europe supposed to be &quot;popular democracies&quot; -- what matters more: words or actions?\n\nDo you know how to translate &quot;free markets&quot; into Chinese? is it &quot;unfettered&quot;? is it &quot;unregulated&quot;? is it &quot;wild&quot;? Some markets are more &quot;free&quot; in China than they are in the US, does that make China the model to follow?\n\nThe Bush administration repeatedly stated that it cared about deficits and debt, but they  didn&#039;t do a great job with that, did they? Obama at least is telling the truth about this particular aspect of his policy.&#039;); return false;&quot;&gt;Quote&lt;/a&gt;&lt;/div&gt;</description>
		<content:encoded><![CDATA[<p>Hi there,</p>
<p>How important is the wording in a statement of intent? Doesn&#039;t your constitution have somewhere that it&#039;s ok to shoot your neighbor &#8212; do you shoot your neighbor? Wasn&#039;t eastern Europe supposed to be &quot;popular democracies&quot; &#8212; what matters more: words or actions?</p>
<p>Do you know how to translate &quot;free markets&quot; into Chinese? is it &quot;unfettered&quot;? is it &quot;unregulated&quot;? is it &quot;wild&quot;? Some markets are more &quot;free&quot; in China than they are in the US, does that make China the model to follow?</p>
<p>The Bush administration repeatedly stated that it cared about deficits and debt, but they  didn&#039;t do a great job with that, did they? Obama at least is telling the truth about this particular aspect of his policy.
<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('132','pat toche'); return false;">Reply</a>  &#8211; <a href="#" class="quote" onclick="quote('132','pat toche','Hi there,\n\n\nHow important is the wording in a statement of intent? Doesn&amp;#039;t your constitution have somewhere that it&amp;#039;s ok to shoot your neighbor -- do you shoot your neighbor? Wasn&amp;#039;t eastern Europe supposed to be &amp;quot;popular democracies&amp;quot; -- what matters more: words or actions?\n\nDo you know how to translate &amp;quot;free markets&amp;quot; into Chinese? is it &amp;quot;unfettered&amp;quot;? is it &amp;quot;unregulated&amp;quot;? is it &amp;quot;wild&amp;quot;? Some markets are more &amp;quot;free&amp;quot; in China than they are in the US, does that make China the model to follow?\n\nThe Bush administration repeatedly stated that it cared about deficits and debt, but they  didn&amp;#039;t do a great job with that, did they? Obama at least is telling the truth about this particular aspect of his policy.'); return false;">Quote</a></div>
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		<title>By: Not So Subtle Differences In G-20&#8217;s Recent Statements &#124; But Then What</title>
		<link>http://keithhennessey.com/2009/04/03/what-happened-to-free-markets-in-london/comment-page-1/#comment-131</link>
		<dc:creator>Not So Subtle Differences In G-20&#8217;s Recent Statements &#124; But Then What</dc:creator>
		<pubDate>Mon, 06 Apr 2009 04:26:26 +0000</pubDate>
		<guid isPermaLink="false">http://keithhennessey.com/2009/04/03/what-happened-to-free-markets-in-london/#comment-131</guid>
		<description>[...] to a new blog that I found via Greg Mankiw. It&#8217;s by a fellow by the name of Keith Hennessey (here&#8217;s the link). He&#8217;s a former Bushie so I&#8217;m sure that will turn people off right away. Give him a [...]&lt;div class=&quot;comment-remix-meta&quot;&gt;&lt;a href=&quot;#&quot; class=&quot;replyto&quot; onclick=&quot;replyto(&#039;131&#039;,&#039;Not So Subtle Differences In G-20&#8217;s Recent Statements &#124; But Then What&#039;); return false;&quot;&gt;Reply&lt;/a&gt;  - &lt;a href=&quot;#&quot; class=&quot;quote&quot; onclick=&quot;quote(&#039;131&#039;,&#039;Not So Subtle Differences In G-20&#8217;s Recent Statements &#124; But Then What&#039;,&#039;&#91;...&#93; to a new blog that I found via Greg Mankiw. It&#8217;s by a fellow by the name of Keith Hennessey (here&#8217;s the link). He&#8217;s a former Bushie so I&#8217;m sure that will turn people off right away. Give him a &#91;...&#93;&#039;); return false;&quot;&gt;Quote&lt;/a&gt;&lt;/div&gt;</description>
		<content:encoded><![CDATA[<p>[...] to a new blog that I found via Greg Mankiw. It&#8217;s by a fellow by the name of Keith Hennessey (here&#8217;s the link). He&#8217;s a former Bushie so I&#8217;m sure that will turn people off right away. Give him a [...]
<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('131','Not So Subtle Differences In G-20&amp;#8217;s Recent Statements | But Then What'); return false;">Reply</a>  &#8211; <a href="#" class="quote" onclick="quote('131','Not So Subtle Differences In G-20&amp;#8217;s Recent Statements | But Then What','&amp;#91;...&amp;#93; to a new blog that I found via Greg Mankiw. It&amp;#8217;s by a fellow by the name of Keith Hennessey (here&amp;#8217;s the link). He&amp;#8217;s a former Bushie so I&amp;#8217;m sure that will turn people off right away. Give him a &amp;#91;...&amp;#93;'); return false;">Quote</a></div>
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