Don’t Blame the Whole Housing Bubble on CRA

Newly-released memos from the Clinton presidential library reveal a little more about the scope of the Community Reinvestment Act (CRA) activities in the years leading up to the collapse of the housing bubble. For those unfamiliar with the home-loan industry, the Community Revinvestment Act was a 1977 act that “encourages” (with the threat of violence) banks and other lending institutions to make more home loans to low-income, non-white, and Hispanic households, and to reduce “redlining.”

Audio: George Reisman Discusses Capitalism

George Reisman speaks on a variety of issues, including economic inequality, income and inheritance taxes, with John O’Donnell on the Power Trading Radio show. George Reisman is economics professor emeritus from Pepperdine University.  He received his Ph.D from New York University with Ludwig von Mises as his thesis advisor.  He was also a close associate of Murray Rothbard for many years and Ayn Rand. (Length: 30 Minutes)

Peikoff on Snowden

Leonard Peikoff, much to my surprise, has an excellent podcast on Edward Snowden.  He praises Snowden for revealing the vast amount of information the NSA collects about us. The government’s program is in essence totalitarian, and Peikoff aptly draws a parallel with Orwell’s 1984.

Differences Don’t Necessarily Equal Discrimination

Well, another Equal Pay Day has come and gone. This year it came on April 8th to represent how long into 2014 a woman would have to work to make what a man did in 2013. The highlight this year was when White House Press Secretary Jay Carney tried to explain away the pay gap between men and women in the White House by saying that when men and women hold similar positions, they are paid the same.