by Dan Mitchell | Aug 23, 2010 | Big Government, Blogs, Economics
For those who favor truth in labeling, the housing meltdown and related financial crisis and economic downturn should be brightly stamped with the phrase, “Made in Washington.” Here are two good pieces of evidence. First, this paper from the American Enterprise...
by Dan Mitchell | Jul 24, 2010 | Bailouts, Blogs
The Wall Street Journal correctly pulls aside the veil and exposes the dubious gimmick that European politicians used to declare that banks are reasonably health. To put it bluntly, they assumed no government would ever default, which really means that the stress test...
by Dan Mitchell | Jul 18, 2010 | Bailouts, Blogs, Regulations
The Wall Street Journal opines about the number of new regulations that will be generated by the so-called financial reform legislation that has been approved by Congress. The big winners will by lawyers, the federal bureaucracy, and politicians. The big losers will...
by Dan Mitchell | Jul 14, 2010 | Bailouts, Blogs
I have the “opposing view” column in USA Today this morning, and my job was to explain why the politicians who voted for the Wall Street bailout deserve the scorn of voters. I made two points. First, there was no need to bail out specific firms – even if one thought...
by Dan Mitchell | Jul 11, 2010 | Bailouts, Blogs
Nicole Gelinas has been one of the most astute observers of how government has screwed up the financial system and her column in the Washington Examiner is an excellent summary of why the Dodd-Frank bill is a step in the wrong direction. For 25 years, Washington has...
