September 2008
87 posts
3 tags
Sep 30th
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Sep 30th
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“If we wish to preserve a free society, it is essential that we recognize that...”
– Friedrich August von Hayek
Sep 27th
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Sep 27th
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Sep 27th
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Sep 27th
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“Chinese regulators have told domestic banks to stop interbank lending to U.S....”
– “China banks told to halt lending to US banks” via Reuters
Sep 27th
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Sep 27th
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“In closing, let me mention one other issue that I take very seriously. I...”
– Please read this entire email, “The Case Against the Paulson Plan” from University of Chicago economist Robert Shimer to Harvard University Greg Mankiw.
Sep 27th
8 tags
a veritable goldmine: "The Bailout Reader" via... →
Sep 27th
1 tag
Sep 27th
7 tags
"The Austrian School and the Meltdown" by...
The financial meltdown the economists of the Austrian School predicted has arrived. We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt and malinvestment is to be allowed. By doing more of the same, we will only continue and...
Sep 26th
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Sep 25th
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Sep 25th
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Sep 25th
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Sep 25th
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Sep 25th
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Article I, Section 2 of the United States...
Article I Section 2. The House of Representatives shall be composed of members chosen every second year by the people of the several states, and the electors in each state shall have the qualifications requisite for electors of the most numerous branch of the state legislature. No person shall be a Representative who shall not have attained to the age of twenty five years, and been seven years a...
Sep 25th
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Would you like other ideas that do not involve the...
First, go back and read this prior post. In addition, Newt Gingrich provided helpful suggestions in “Before D.C. Gets Our Money, It Owes Us Some Answers.”  Please read the whole thing in addition to this excerpt: Question Two: Is a big bureaucracy solution the only answer? Answer: There is a non-bureaucratic solution that would stop the liquidity crisis almost overnight and do it...
Sep 25th
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ListenThe Cato Daily Podcast from September 24, 2008,...
Sep 25th
2 tags
As you examine this crisis in your own mind,...
Today, the NYT asked, “Could Warren Buffett Negotiate a Better Deal for Taxpayers?“  This question is assinine in the extreme. Of course, Warren Buffett can operate more effectively than the government here. Mr. Buffett mercilessly hammered Goldman Sachs in this deal, and they accepted his terms voluntarily.  This process and outcome both represent huge progress and a better way. ...
Sep 25th
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Sep 25th
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Here a hall of heroes? →
Please study their position.  Read the signatories. I also cannot help but notice that the University of Chicago Graduate School of Business hosts this page and that many University of Chicago economists appear in this long list.  What a vital and honorable heritage.
Sep 24th
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“Article I Section 1. All legislative powers herein granted shall be vested in...”
– Article I, Section 1 of the Constitution of the United States of America
Sep 24th
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WatchWatch
Commanding Heights, part 3 (See also parts 1 and 2.)
Sep 24th
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“A human group transforms itself into a crowd when it suddenly responds to a...”
– Jean-François Revel
Sep 23rd
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“We the people of the United States, in order to form a more perfect union,...”
– Preamble to The Constitution of the United States of America
Sep 23rd
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WatchWatch
Commanding Heights, part 2. (Go here for part 1.)
Sep 23rd
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Sep 22nd
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“Like so many others, we believe that government should largely remove itself...”
– “The Right Stuff…” via IBD.
Sep 21st
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"Dispelling The 'Deregulation' Myth" via IBD →
Sep 21st
WatchWatch
Commanding Heights, part 1
Sep 21st
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Sep 21st
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Sep 20th
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Sep 20th
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Sep 20th
2 tags
WatchWatch
Obviously futile and harmful protectionism turned into solid comedy.
Sep 20th
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Sep 20th
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Sep 19th
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Sep 19th
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“The U.S. government acted Friday morning to prevent a broad collapse in the...”
– Will we see a run on money-market funds?  Clearly, they are not safe. “Washington moves to shore up money-market funds” via MarketWatch
Sep 19th
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“We could easily add up to an additional trillion to the outstanding Treasury...”
– via Bloomberg. The, err, good news is that the money used to pay off all of this insanity isn’t really worth anything anyway.
Sep 19th
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Sep 18th
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Sep 17th
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Sep 17th
FDIC Insurance Protects, Except When... →
Sep 17th
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Sep 16th
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Sep 15th
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US finance ministers and central bankers are to... →
Sep 15th
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Sep 15th