Correction vs. Bailout
The market has been working for the last three years to correct for the housing bubble caused by the Federal Reserve.
The market has been working for the last three years to correct for the housing bubble caused by the Federal Reserve.
See this excellent posting by Robert Higgs, who has an eye for these things.
No, unfortunately, the patent system is not dying. The title refers to deaths caused by the patent system.
Here is a letter signed by many economists that warns against several aspects of the bailout plan and concludes that Congress should hold hearings.
From Pillars of Prosperity, a speech from September 10, 2003 (PDF and
The financial panic that has engulfed the planet is considered by politicians, bureaucrats, journalists and mainstream economists to be a problem o