If George Bush weren’t President, he’d make a great finance professor. He just explained mortgage markets as well as anybody I’ve heard in the first quarter of a 13 minute speech. I don’t think Franklin Roosevelt gave as good a TV speech himself in 1929. I was a little disappointed that he didn’t give any […]
Read MoreIt’s literally impossible to get through a news talk program anymore without some guest using the phrase, “At the end of the day.” Who cares about the end of the day? The truth is, nothing gets done at the end of the day. This is a problem that reaches across the aisle, so it demands […]
Read MoreSeveral libertarian economic commentators have gotten caught up in a meme opposing drilling in the Outer Continental Shelf and other US locations. Somehow they’ve gotten the idea that the political rhetoric of “energy independence” somehow makes removing government regulations anti-freedom and inefficient. Maybe they’re under the misapprehension that when we talk about drilling here, what […]
Read MoreApparently some on the left are trying to blame Phil Gramm for the subprime lending crisis and the ensuing credit crunch. The theory is that somehow the Gramm-Leach-Bliley Act, which repealed most of the Depression era firewall between investment and commercial banking somehow created the runup in mortgage lending and home values. In an interview […]
Read MoreRepublicans and conservatives are in trouble. The Republican Party is headed back to minority status for the foreseeable future. The conservative insurgency that took over the party, then the nation and, ultimately, reshaped the world will have to regroup from its original position – a plurality faction in a minority party. No, not because of […]
Read MoreArkanssouri points to a Tom Tancredo campaign commercial that begins “There are consequences to open borders beyond the 20 million aliens who’ve come to take our jobs.” Opening right up with a display of ignorance of basic economics is not all that endearing in a supposedly conservative Presidential candidate. But aside from that, what about […]
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