by Dan Mitchell | May 15, 2011 | Bailouts, Big Government, Blogs, Regulations
Here are two superb articles on the financial crisis. First, from Peter Wallison at the American Enterprise Institute, we have a piece on the role of government housing subsidies. Since he warned, in advance, that Fannie Mae and Freddie Mac were ticking time bombs,...
by Dan Mitchell | Dec 11, 2010 | Blogs, Uncategorized
This cartoon is not new, but it succinctly captures what happened with that part of the TARP bailout. The only thing missing is some way of showing the government officials and political insiders who received undeserved wealth while the Fannie-Freddie scam was...
by Dan Mitchell | Oct 3, 2010 | Bailouts, Blogs
In the “Five Things About Me” section of my blog, I included this blurb: A left-wing newspaper in the U.K. wrote that I’m “a high priest of light tax, small state libertarianism.” I assume they meant it as an insult, but it’s the nicest thing anyone’s ever said about...
by Dan Mitchell | Sep 24, 2010 | Big Government, Blogs, Government Spending, Government Waste
Considering they could have sat on their hands and relied on unhappy voters to give them big gains in November, I’m not too unhappy about the House GOP’s “Pledge to America.” Yes, it’s mostly filled with inoffensive motherhood-and-apple-pie language, but at least...
by Dan Mitchell | Sep 14, 2010 | Big Government, Blogs, Regulations
George Melloan’s column in the Wall Street Journal discusses the new Basel capital standards and correctly observes that 22 years of global banking regulations have not generated good results. This is not because requiring reserves is a bad thing, but rather because...
