“To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble.”
Hmmm. Some issues do not have a simple, straightforward answer. Consider this controversy being debated in Central Ohio.
As reported in The Columbus Dispatch, “The graduation ceremony for Centerburg High School students has been canceled after school officials say many seniors cheated by obtaining copies of tests hacked from the school’s computer system.”
As always, when the central planning bureaucrats get in a jam with no way out of the mess they have planned themselves into, they turn to libertarian ideas for the answers. Libertarian ideas with a big-government twist, that is. This article in the Telegraph is astounding: “US cities may have to be bulldozed in order to survive.”
Sheldon Richman has a great “TGIF” [”The Goal Is Freedom,” but released on a Friday--get it?] column out today, Intellectual ‘Property’ Versus Real Property: What Are Copyrights and what do they mean for Liberty?. For a very short column, it’s packed with great insights.
Admirably, Richman focuses on justice rather than more utilitarian concerns such as incentive effects:
