Capitalism 101

September 9th, 2009

Capitalism is, to paraphrase Winston Churchill, a  bad system, expect for all the rest.  It's taken a beating lately, but in spite of the recent excesses and the coming onslaught by Michael Moore, its ideas are tightly woven into our identity as Americans.  Today, as the triumphs and failures of free market capitalism and globalization continue to hold sway over the daily news and our daily lives, Gretchen Morgenson, a leading business journalism at the The New York Times,  argues in her new book,The Capitalist's Bible: The Essential Guide to Free Markets--and Why They Matter to You, that it's more important now than ever to understand how our economy works.  My conversation with Gretchen Morgenson.