Feeding at the Trough
While not quite Keynesian pyramids or payments to farmers to plow up their surplus crops, this is still, sadly, yet another New Deal in the making.
Assessing the Damage
It is no surprise that in our current crisis we see economic fallacies calling for “temporary” government interventions in the economy popping up like mushrooms after a rain.
Killing the Stock Market
Why the Show of Force Won’t Work
The U.S. government’s recent show of force ostensibly to “close the barn door now that the horse has escaped” is not only misguided, it is dangerous for many reasons.
What’s Wrong with Forced Disclosure?
Recent scrutiny over mutual fund disclosure practices comes amidst a flurry of rules, investigations, and regulatory pressure being applied to the broader securities industry.
Free Markets Would Be OPEC’s Undoing
A War on Capital
Whatever direction the stock market may take in the future, its opening day was a time for honest assessment of how the recent terrorist attacks and their aftermath may affect our economic future.
Safe Travel
No institution has a greater incentive to increase airline security than the airlines themselves, who have both property and paying customers to protect.
Is Terrorism Good for the Economy?
The recent World Trade Center disaster may provide some economic opportunities for small, select groups, but the vast majority of people—including most New Yorkers—will be left worse off than before.