Military Spending as an Economic Stimuli
by Martin Feldstein says that the planned budget cuts at the Department of Defense shouldn’t happen. At first read the idea seems ludicrous. The U.S. already …
Category: Finance
Competition No Longer an American Ideal?
Michael Lind says that southern states have waged an economic civil war on the rest of America, the real America, in Lind’s mind, by creating …
U.S. Automaker Bailout Happening
The Houston Chronicle says that U.S. automakers will be getting $15B in "emergency loans" and a new boss in Washington D.C. in the form of …
GM, the Company No One Wants
GM has a physical plant and inventory assets that exceed its current market capitalization of around $3B. The company would be ripe for a takeover …
Opposing Bailouts on Principle
Oliver Hart, professor of economics at Harvard, and Luigi Zingales, professor of finance at the Chicago Booth School of Business, say that Bush administration economists …
Detroit’s Problems and the Left
Perhaps the fundamental problem of our time is that no one wants to tell – or hear – the truth anymore. This has certainly been …
I.O.U.S.A. the Movie
To the extent that a slap in the face is ever something to seek out, the free, 30-minute version of I.O.U.S.A the Movie is a …
Obama’s Wealth Redistribution – He Likes It and We Like Him For It
Chris Coffey says, “Of course Senator Obama wants to redistribute wealth. The real story is that Republicans are still trying to convince voters of such …
What’s $53T Between Cronies?
Former comptroller general of the United States and head of the Government Accountability Office David M. Walker says that the recently passed $700B "Wall Street …
Stocks Plunge, Inevitably
The Dow Jones lost 778 points – a record – and I personally lost about $8000 in paper/play money today after the House failed to …