Earlier in the week I criticized the results of Dodd-Frank, because it has miserably failed at its ostensible purpose of preventing future “too big too fail” incidents. Indeed, not only did it not succeed in this–in the sense of reducing the number of potential risks–it has significantly exacerbated it as the banks are increasingly consolidating […]
Archives
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Why I am so “cynical” about Washington DC reforms–why too big too fail leads to bigger and bigger
05 Mar 2015
The main reason I am so disbelieving of the efficacy of regulatory reforms (some would say cynical) is that I don’t believe that Washington politicians are completely incompetent. I believe that much of the results that occur are desired, at least by somebody. When the progressives took power in 2009, they were very clearly going […]
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Earlier in the week I asked what the Keystone pipeline decision says about Mr. Obama. I now want to offer my answer to the question I raised: the basic problem we have with Mr. Obama’s leadership is we have the first ideologue president. I have written on this before, so it might be useful to […]
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We’ve discussed the Keystone Pipeline before, and today’s veto really doesn’t bring anything new to light. We still have an administration that has been reviewing this proposal for over 6 years, and a congress that considers this essential for creating jobs and signaling a positive climate for business. Environmentalists have made clear to the Democratic […]
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Economics Everywhere! Keynesian failure in Japan, ECB money printing and Walmart wage hikes!
21 Feb 2015
First up is the ongoing failure of Keynesian economics with its calls for government stimulus to save the day. Japan is the case study for looking at what government policy makers have done. Ever since their stock bubble burst (enabled by easy money policy) in the late 80s, the Japanese economy has went from one period […]
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So much of our lives is amazingly better, and getting better at an increasing rate. Peter Diamond makes this case in his new book, Abundance, and I have to agree with him. The progress we’ve made in quality of life during my lifetime is phenomenal. As I mentioned to one class today, I grew up […]
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Trying to avoid the national debt getting bigger? That would be the real problem. As usual, Keynesians aver that debt isn’t a problem, because we owe it to ourselves. Globally, and for the most part even within countries, a rise in debt isn’t an indication that we’re living beyond our means, because as Fatas puts […]
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One of my usual sources of info that I use in this blog is the Wall Street Journal; I consider the WSJ and the Financial Times (FT) of London to be the premier press sources of economic information. Its unfortunate that I have progressive friends who will immediately discount something I say because it came […]
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Mark Smith notes Scott Walker’s impressive rise in the early polls in his news article for yesterday, and while I agree it doesn’t matter much yet, it does matter some…and not just to Republicans. Democrats rightfully fear Walker, as he is one of the few that has successfully fought their agenda and won. National Review […]
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Hat tip to Foundation for Economic Education: Combatting false narratives on the Progressive Jesus
30 Jan 2015
Its rare when secular websites wade into the faith and economics waters, but the President of the Foundation for Economic Education, Larry Reed, does a fine job here. As Reed argues, The fact is, one can scour the Scriptures with a fine-tooth comb and find nary a word from Christ that endorses the forcible redistribution […]
Bert Wheeler
Jeff Haymond
Marc Clauson
Mark Caleb Smith
Tom Mach