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“Alan Greenspan, Ben Bernanke, and the rest of the crew running economic policy somehow could not see the housing bubble as it grew to more than $8tn. It really should have been hard to miss. Nationwide house prices had just tracked overall inflation f …
READ MORE“Big banks are bad for free markets. Far from being engines of free enterprise, they are conducive to what might be called ‘crony capitalism,’ ‘corporatism,’ or, in Jonah Goldberg’s provocative phrase, ‘liberal fascism.’ There is a free-market case for …
READ MORE“Sen. Chris Dodd’s latest bill to fix the financial system is another failure. After months of negotiation, he’s produced a “reform” of the regulatory system that simply fails to deal with the causes of the 2008 crisis — which nearly saw the collapse …
READ MORE“One of the sadder categories in the history of human misfortunes is the list of those things that are obvious, but wrong. By definition, if something is obvious, most people agree with it, and thus, it is likely to win the day – but lose the verdict o …
READ MORE“Mr. Dodd’s bill would allow the Fed to examine any bank-holding company with more than $50 billion in assets, and large financial companies that aren’t banks could be lassoed into the Fed’s supervisory orbit. This came after Treasury officials pushed …
READ MOREThe Obama administration thinks it has found the cure all for its economic woes. The solution: regulate, restrict and play God in the economy. (Not exactly a new strategy for government.) In usual fashion, government regulations and Fed policies bring …
READ MOREIn something of a reversal of the usual government policies to keep prices high, the government of Venezuela is going to great lengths to keep prices low, even in the face of inflation. According to CNN, The Venezuelan bolivar currency, which had been …
READ MOREResearch Reports – 07/16/1951 Book Review: National Transportation Policy by Charles L. Dearing and Wilfred Owen
READ MOREResearch Reports – 07/09/1951 Book Review: “Aiding Undeveoped Areas Abroad” edited by Halford L. Hoskins, The Annals, March 1950
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