““I fear the government has passed the point of no return,” said Ron Chernow, a leading American financial historian. “We have the irony of a free-market administration doing things that the most liberal Democratic administration would never have been doing…”
via Marginal Revolution
Archive for the ‘Marginal Revolution’ Category
The culture that is French, a continuing series
Friday, September 19th, 2008Sarah Palin and John McCain on AIG
Friday, September 19th, 2008“This was “unscripted”, from Sarah Palin: Disappointed that taxpayers are called upon to bailout another one. Certainly AIG though with the construction bonds that they’re holding and with the insurance that they are holding very, very impactful to Americans so…”
via Marginal Revolution
Assorted links
Tuesday, September 16th, 2008“1. How to judge a popular book in 90 seconds or less. It usually takes me less than five. 2. Does InTrade have a Republican bias? 3. The most overpaid actors and actresses? 4. Douglas Holtz-Eakin on taxes: the truth….”
via Marginal Revolution
The Wisdom of Bailouts
Monday, September 15th, 2008“Thanks goodness we bailed out Bear Stearns back in March if we hadn’t we might have lost Fannie Mae and Freddie Mac, Lehman Brothers, Merrill Lynch and who knows what else. Oh wait…”
via Marginal Revolution
The Gorgon in the room
Monday, September 15th, 2008“The empirics on beautiful women imply that, in a great many cases, a) they have their own agendas, b) they stick to those agendas, no matter what they may say in public, or no matter what “more experienced” men tell…”
via Marginal Revolution
Response to my Mother
Monday, September 15th, 2008“My wonderful mother is upset, like pretty much everyone else, at the price of gas. “Well, the hurricane has knocked out a lot of production on the gulf coast,” I say. “Yes but there’s plenty of gas in the pipes…”
via Marginal Revolution
Intelligent Design and Evolution
Saturday, September 13th, 2008“A few years ago I wrote (follow up here): Suppose that you find a watch in the forest. If you know there is no watchmaker then the theory of evolution is a brilliant and compelling explanation for the presence of…”
via Marginal Revolution
Sentence of the Day
Saturday, September 13th, 2008“It is through exchange that difference becomes a blessing, not a curse. Chief Rabbi of Great Britain, Jonathan Sacks quoted in McCloskey’s The Bourgeois Virtues. Hat tip to Steve Horowitz at The Austrian Economists who rightly says “Have the benefits…”
via Marginal Revolution
What are our personal obligations toward the environment?
Friday, September 12th, 2008“From the hum of the city, while pondering fossil fuel consumption, Megan McArdle writes: I understand that people’s desires for large houses in leafy suburbs are every bit as valid as my ardent desire to live near the peaceful hum…”
via Marginal Revolution
Did we *really* need that bail-out?
Friday, September 12th, 2008“The highly-praiseworthy-but-ever-so-occasionally-totally-wrong Bryan Caplan suggests that Paulson should have simply let the debt securities of the mortgage agencies go. In addition to the fact that he favors The End of the World, Bryan is underestimating at least two points: 1….”
via Marginal Revolution