And the Regulators Propose: Regulations
Most hedge funds aren’t anything like the infamous Long Term Capital Management (LCTM). And, even if most hedge funds were dogs, why is it the business of the government to regulate them? Most...
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Their Crisis, Our Leviathan
The government stumbles or runs into crisis after crisis, then the government insists that this justifies it arrogating more power. That, of course, always must include a bigger bit of your property....
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Post Office Hell
Lenin once dismissed the question of how socialism would work by pointing to the workings of the post office. Socialism, he said, means only to “To organize the whole economy on the lines of the postal...
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Is Capitalism Why We Fight?
Much of the left is against the Iraq war, and so far so good. But they theorize that the driving force behind the war is capitalism, with imperialism as the highest stage. The makers of “Why We...
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George W. Bush’s Nixonomics
It was a time of a Republican administration waging an unpopular war. It was a war some Democrats said they opposed but seemed to do very little to stop. Inflation was starting to become a problem....
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Clogging Capital Markets
Did you hear the recent giant sigh of collective relief from the securities industry? It was the sound of those securities professionals who, for now, dodged a regulatory bullet. Regulation National...
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The Non-Issue that Should Be an Issue
Republicans used to talk about reducing the welfare state. I remember when candidate Ronald Reagan in 1980 promised to end the Energy and Education departments. Some Republicans, who themselves have...
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Subway Hijinks
One of the projects that President Obama’s close to trillion dollar stimulus package is designed to pay for will be a much delayed subway line in New York City. The line has been authorized and paid...
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