JULY 12, 2011 . By PETER WALLISON Mr. Wallison, a senior fellow at the American Enterprise Institute, was a member of the Financial Crisis Inquiry Commission and dissented from the majority report. EXCERPT FROM THIS ARTICLE: Far from being a marginal player, Fannie Mae was the source of the decline in mortgage underwriting standards that […]
GOVERNMENT-SPONSORED MELTDOWN – FANNIE MAE Read More »
JULY 11, 2011 Taxes Upon Taxes Upon . . . Obama wants $1 trillion in taxes on top of what he’s already signed. So the fondest Washington hopes for a grand debt-limit deal have broken down over taxes. House Speaker John Boehner said late Saturday that he couldn’t move ahead with a $4 trillion deal
OBAMACARE – TAXES UPON TAXES UPON….. Read More »
3:25 AM 07/12/2011 by Mickey Kaus Paul Krugman now says that some kinds of Keynesian stimulus spending just aren’t as effective as other kinds. Specifically, he suggests, aid to state and local governments (to enable them to keep government workers in their jobs) is a sort of second-class stimulus: So what happened to the stimulus? Much of it
KRUGMAN; ‘I DIDN’T MEAN THAT STIMULUS!’ Read More »
Fury is spreading. But the mobs ignore the real culprit behind broken economies. by Niall FergusonJuly 11, 2011 Yiorgos Karahalis / Reuters-LandovRiot police at a protest against austerity measures in Athens on June 28, 2011. This is the age of indignation. Politics in the Western world are becoming more emotional—because our problems are so intractable.
THE GLOBAL TEMPER TANTRUM Read More »
July 12, 2011 Unknown Unknowns By Thomas Sowell When Donald Rumsfeld was Secretary of Defense, he coined some phrases about knowledge that apply far beyond military matters. Secretary Rumsfeld pointed out that there are some things that we know that we know. He called those “known knowns.” We may, for example, know how many aircraft
THOMAS SOWELL – THE UNKNOWN UNKNOWNS THAT ARE KILLING OUR ECONOMY Read More »
Thanks to a young Republican, Brady Nemeth, for sharing these two educational links. These are two great videos that just came out today. They’re both short and to the point (the first is just 1 minute, the second is roughly 5 minutes), and leave out any politics, which means that they are great for sharing
TWO GREAT VIDEOS – SPENDING CUTS IN PERSPECTIVE AND THE FREE MARKET Read More »
Burning down the house By George F. Will, Published: July 1 “The louder he talked of his honor, the faster we counted our spoons.” — Emerson The louder they talked about the disadvantaged, the more money they made. And the more the financial system tottered. Who were they? Most explanations of the financial calamity have been
THE ROOTS OF THE HOUSING CALAMITY – GEORGE WILL Read More »
