Taxes & Economy
Trashing Friedman’s Economics
Crain's Chicago Business speculates that “failure of the free market” and “deregulation” will harm the reputation of the University of Chicago's School of Economics and of any influenced by…
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Free markets are under attack again
Matt Welch has an excellent article on Reason Magazine on the financial bailout and the debate over the role of government and the free market: President George…
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Capitalism and the Financial Crisis
Walter Williams has a great column on the mortgage meltdown and the free market You can decide whether we have in an unregulated laissez-faire economy. There are 15…
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Greenspan’s “infinite monkey theorem”
Did the free market fail? Well, that seems to be what Alan Greenspan, the former Federal Reserve System chairman, said yesterday to Congress. But before we follow the lead…
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Is the Credit Crunch a Big Lie?
A short research paper from three economists from the Federal Reserve of Minneapolis find that the so-called credit crunch, which led to the bailout, was based on a number…
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How Government Stoked the Mania
Great read in the Wall Street Journal on How Government Stoked the Mania, starting with Fannie Mae and Freddie Mac and later how the Community Reinvestment Act, and the…
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Root causes of the financial “crisis”
I attended a conference late last week feature a number of economists, and was surprised to discover a great deal of disagreement about what caused the “crisis” in the financial…
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The case Barlett hasn’t made
Bruce Bartlett attempts to justify the bailout (“The case Bush hasn’t made”) by explaining that the financial sector is different than other sectors, that a collapse in the financial…
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Talking Free Markets with Karl Rove
I had the chance to hear Karl Rove speak at a conference hosted by Hillsdale College on “Economics and the 2008 Election.” Rove had some interesting things to say:…
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