Senator Gramm is a former Professor of economics. Here is his article published in today's Wall Street Journal. I have to agree with him that the current mess cannot be blamed on deregulation, as opposed to lax and misguided regulation. As he points out, government regulators actually encouraged lenders to make bad loans.
More of this kind of "regulation" is not the solution.
Friday, February 20, 2009
Wednesday, February 4, 2009
The economics of stimulus.
Dick Armey isn't telegenic, but he is a former economics professor (and House Majority Leader). He has an excellent article in yesterday's Wall Street Journal analyzing the economics under girding the various proposed "stimulus" proposals. It boils down to Keynes versus Hayek. I think Hayek's criticisms are valid and largely unrebutted.
Obama's first two weeks
Victor Davis Hanson has a pithy post summing up the first two weeks of the Obama administration. It's been a weird procession of self-promoters, tax cheats, and lobbyists. And, as VDH notes: "its only been two weeks." Even the adoring MSM will have to admit (at least privately) that it has not been an auspicious beginning.
Monday, February 2, 2009
Why a new New Deal is a really bad idea.
There is an excellent article in today's Wall Street Journal explaining how the New Deal actually prolonged and worsened the great depression. If only our political leaders would read and learn from this kind of research.
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