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October 2008

October 13, 2008

If George Bailey had never lived. . .

. . .we wouldn't be having this financial meltdown! Washington Post columnist Ross Douthat puts...

October 09, 2008

Looking to the communists to save capitalism

One of the hopes for the global financial meltdown is that China can save capitalism....

October 08, 2008

Don’t just blame deregulation

Sebastian Mallaby, writing in "The Washington Post," argues that, contrary to much of the rhetoric,...

October 06, 2008

History restarts, as American brand fails

I enjoy reading scholars defending their theories after they have been proven wrong. In 1989,...

October 02, 2008

Democracy and the Bailout

Whatever the legislature decides about the Wall Street bailout, it is evident that most of...

October 02, 2008

Pay off the bad mortgages

The Senate passed a sweetened-up version of the $700 billion Wall Street bailout--sorry, Mainstreet rescue--bill....

October 02, 2008

What bankruptcy laws are for

Instead of a bailout, says this economist who also offers a good overview of what...

October 01, 2008

Privatizing the bailout

This week I'm going to be posting about solutions to our country's financial meltdown that...

October 01, 2008

Accounting rule changed

The SEC changed the mark to market rule, a simple revision that could do a...

September 2008

September 30, 2008

Congress rejects the bailout

House nixes $700B bailout bill in stunning defeat. The vote was 228-205. (Voting no: 133...

September 30, 2008

Alternatives to the bailout?

Here is one proposed alternative to the government buying up nation's bad mortgage investments. From...

September 29, 2008

We have a bailout plan

Politicos worked out a financial bailout to be voted upon by Congress today. With a...

September 26, 2008

Summit degenerates, but a new plan emerging

The summit presided over by President Bush--attended by congressional leaders, John McCain, and Barack Obama--degenerated...

September 26, 2008

Small banks are doing fine

While the mega-banks are floundering, your little local bank is thriving. SeeSmaller Banks Thrive Out...

September 25, 2008

The candidates’ day jobs & the bailout

What do you think of McCain's gestureto suspend his campaign? Both presidential candidates do have...

September 24, 2008

The government wants to buy up all bad loans

The way the proposed bailout plan works is that the government would buy all of...

September 24, 2008

Bush’s administration as the most leftist in history?

More from George Will's provocative column: The political left always aims to expand the permeation...

September 23, 2008

A penny for your thoughts

Special pennies will soon be issued featuring different scenes from the life of Abraham Lincoln....

September 22, 2008

A new era of big government

Steven Pearlstein discusses the new takeover of the economy by the federal government, drawing the...

September 19, 2008

The end of American capitalism?

So now the Federal Reserve joins with world banks to create a fund to bail...

September 19, 2008

Both Chairman Mao and Adam Smith are rolling in their graves

A state agency of Communist China may buy 49% of the running-dog capitalist investment firm...

September 18, 2008

When the government owns companies

So the U.S. government bailed out the insurance giant AIG. But we did not just...

September 17, 2008

The end of Wall Street’s business model

Economics columnist Robert J. Samuelson says that what we are witnessing is the collapse of...

September 16, 2008

Do either of the candidates know what to do about the economy?

It doesn't sound like it. Then again, does anyone? It's hard to see how higher...

September 15, 2008

This one didn’t get bailed out

The nation's fourth biggest investment firm, Lehman Brothers, has gone under. This time a major...

August 2008

August 25, 2008

Socialist fantasy

I did catch some of the closing ceremony. Just as China seems to have forged...

August 20, 2008

Good times for farmers

In 2005, corn sold for $2 per bushel. Today, it goes for $6 per bushel....

July 2008

July 25, 2008

Back to 55 m.p.h.

So, what do you think about the proposals to to lower the national speed limit...

July 23, 2008

What do tattoos mean?

Richard Cohen asks why people get tattoos (which 40% of 26-40 year olds have) and,...

July 18, 2008

Daggers of the mind

Steven Pearlstein makes a good use of Shakespeare to figure out what is going on...