I hear repeatedly from our fellow citizens “where is my bailout?” For those who have been wondering the fine journalists at Vanity Fair have found the paperwork so you can begin applying now for, as the application says, “free government cash.” (Click image for Large Version.) Download article as PDF
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I have argued in the past that the Federal Reserve’s policies may be helping in some ways, but hurting in others. Way too much borrowing and lending is running through the Fed which is drying up lending between banks. It also reduces the need for banks to find reasons to communicate and trust each...
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Tyler Cowen states his basic views on the crisis. My response in italics: 1. Glass-Steagall repeal was not a major cause of the financial crisis, nor was government-induced “minority lending.” I agree on the first, the second charge has some validity, but only in terms very different than the typical charge. 2. We...
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Let us look at one of the ways that we are being panicked unnecessarily, and why incidentally we can help many of these financial institutions in the fashion I discussed in my post on a potential alternative plan. In my next post we will discuss ways in which we are not being misled, and...
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