Interventionism
Farm Bill Follies
Turning to government for protection and support is stealing money from the pockets of everyone else. Farm programs, including the 2007 Farm Bill, need to be thrown in the dust bin of history, where they belonged eighty years ago.
America’s Siberia
It appears that the Appalachians are about to move again. Earthquakes? Shifts in tectonic plates? Not this time.
Moral Hazard? Yes. Weimar? Not yet.
A little clarification of the confusion surrounding the recent massive central bank intervention in the markets might be in order.
Coase and the light pole
Coasian ethics have come to roost in Ohio, or roast as the case may be (roasted soybeans in this instance).
Reality vs. the State
A solid gold standard in which every dime spent had to come from an existing stock of money would shatter the whole system. Is it any wonder that this is the last subject politicians want to talk about?
The Unfolding Credit Crisis
With the collapse in the price of sub-prime mortgage backed securities and credit derivatives, the credit boom has moved into the crisis phase.
The Fed Bought What?
Unfortunately, by buying up MBS and propping up the market the Fed will only cause more harm than it already has.