…The best ideas from the institutes
The Washington Post had a story on Friday pointing out that not all banks are on the verge of collapse:
Many smaller banks said they were actually benefiting from the problems on Wall Street. Deposits are flowing in as customers flee riskier investments, and well-qualified borrowers are lining up for loans.
“We collect money from local savers, […]
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Kentucky Governor Steve Beshear is trying to seize some online casinos. Unlike casinos that are on the land, online casinos are difficult for the government to tax. According to Mr. Beshear, if the tax collectors can’t get their paws on a business, then that business is a “leech” on the community. This type of thinking comes from […]
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The current turmoil in financial markets is the result of bad government policy, particularly easy-money policy by the Federal Reserve and unsustainable subsidies to housing by Fannie and Freddie.
The bailout did not address these problems. Instead, it sought to compound the problem by increasing government intervention.
Ideally, politicians now will shift gears and seek to reduce […]
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The failure of the bailout plan essentially shows the huge lack of confidence among the public that it would achieve its objectives. It also registers doubt about the government’s ability to implement it successfully.
The impasse shows how blunt fiscal policy is and how inept politicians are in managing the economy. The current set of problems […]
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The New York Times takes note of the brewing tax revolt in Massachusetts, where a grassroots group has put an initiative on the ballot to repeal the state income tax. The Times headline (on paper) reads, “On Massachusetts Ballot, a Tax Repeal That Worries Leaders.” Why does a newspaper that purports to be a check on […]
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Although it is likely to get lost amidst the brouhaha over the proposed bailout, Geoffrey Wheatcroft’s article ”‘Munich’ Shouldn’t Be Such a Dirty Word,” in the Washington Post’s Sunday Outlook section is worth reading now, and storing away for future reference. (And, in case you missed it, also revisit Justin Logan’s article on the overuse of the Munich analogy.)
Advocates […]
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Nice health care lecture
The Commonwealth Foundation
Cato Institute
