The Economics of Corporate Bailouts
The objectives of economic policy are to continuously improve the well-being of the largest possible number of people in society by making sure that the scarce resources available on earth are utilized...
View ArticleBailouts for Everyone
The US faces the most severe crisis in history. Everyone is facing the threat of bankruptcy. If everyone were to go out of business, everyone would lose their jobs. Everyone is too big to fail. It is...
View ArticleBail Out Detroit? – Now??
An obviously delusional and disturbingly confused Ben Stein once again contributes to dumbing down the masses by writing what appears to be an attempt to an article: Bailout Detroit – Now: Usually this...
View ArticleTell Congress to Stop the Fiscal Madness
The TARP bill is a complete disaster. It has done absolutely nothing to fix the economy. Things have gotten worse since. Temporarily there was a phony outcry in the media about what happened to all the...
View ArticleUS Stake in Citi Won’t Fix a Darn Thing
Reuters writes New U.S. stake in Citigroup may not calm doubts: Even if the government took a large common equity stake in Citigroup Inc, worries would likely persist about the bank’s ability to absorb...
View ArticleSaving the X Industry
Henry Hazlitts Economics in One Lesson is timeless, clear, and simple. When it was written in 1946 its lessons were as true as they are today. Unfortunately most journalists, economists, and...
View ArticleCIT Group – Trading Halted
The AP reports Trading halted in CIT shares: Trading in the shares of crippled commercial lender CIT Group Inc. was halted on the New York Stock Exchange late Wednesday afternoon. A trading halt often...
View ArticleBailout Watchdog: TARP Has Increased Risk of Another Crisis
As we all know bailouts accomplish nothing but making matters worse, create false incentives, and make all of us poorer. Thus, as can be expected, the TARP watchdog reports: The government’s response...
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