The Great Recession & Government Failure
Posted in Main Blog (All Posts) on September 2nd, 2011 4:31 am by HL
The Great Recession & Government Failure
Gary Becker, Wall St. Journal
The origins of the financial crisis and the Great Recession are widely attributed to “market failure.” This refers primarily to the bad loans and excessive risks taken on by banks in the quest to expand their profits. The “Chicago School of Economics” came under sustained attacks from the media and the academy for its analysis of the efficacy of competitive markets. Capitalism itself as a way to organize an economy was widely criticized and said to be in need of radical alteration.Although many banks did perform poorly, government behavior also contributed to and prolonged…
Colorado Governor Mixes Up Fresh Brew
George Will, Washington Post
“Beer,” said Benjamin Franklin, who knew a thing or two about pleasure, “is living proof that God loves us and wants us to be happy.” If so, perhaps He wanted John Hickenlooper to be Colorado’s governor. Hickenlooper is a double rarity, the first brewer to become a governor (well, if you don’t count Sam Adams and Thomas Jefferson, the amateur), and, in this time of political dyspepsia, he is a happy man whose constituents seem reasonably happy with him.People may be happier here because sunlight is filtered through less — a…
Fed Policies Will Create Inflation Not Jobs
Atkeson, Ohanian & Simon, IBD
Obama’s Uncle Should be Deported
Dems Distancing Themselves From Obama
Roarty & Reinhard, Natl Jrnl
It’s been a tough summer for swing-district Democrats seeking reelection in 2012 with a president at the top of the ticket whose approval ratings are in the weeds.As these members begin to focus on their reelection bids after Labor Day, they are increasingly calculating how close is too close to an unpopular President Obama.
