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Arnold Kling's fantasy testimony to Congress on the causes of the mortgage and financial crises,...

Given the unoccupied housing glut, attempts by policymakers to try to boost house prices are lik...

 
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In opposing government regulation, no free-market advocate believes the public should be left to...

 
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Robert Higgs reads the Emergency Economic Stabilization Act of 2008 with a jaundiced eye.

But not to worry. The statute also provides for creation of a Financial Stability Oversight Boar...

 
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It's not all George W. Bush's fault, but he is part of the problem.

In its budget documents in February, OMB estimated that next year’s national debt would hit $1...

 
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How to back up a Mac to a FreeBSD machine using OS X's Time Machine.

 
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Shall we not see them lit again in our lifetime?

Much of Europe was happy and optimistic when [World War I] was finally declared. Many people are...

 
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The reality is that the Paulson plan is nothing more than a government assistance package for a ...

 
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The Taxpayer Relief Act of 1997 and low interest rates -- along with the regulatory push for mor...

 
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Drug-sniffing dogs are frequently wrong. I wonder how much of that is the dogs' fault, and how ...

The narcotics-sniffing dog Zuul smells drugs on almost every car he checks. But t...

 
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Alan Sloan uses Federal Reserve data to show that the credit market is still functioning.

Contrary to many comments, consumer and industrial loans actually increased in the latest week. ...

 
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This is more like "the secret <em>future</em> of the bailout." Michael Flynn predicts that poli...

To paraphrase Mencken, this solution is neat, plausible, and wrong. The first failing is somethi...

 
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John Lott surveys economists' opinions on the bailout.

The economists’ list of objections to the bailout proposals is long, but the most common was t...

 
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The greatest cost of the bailout, writes Anthony Randazzo, is the innovation that won't happen b...

The bailout is pollution for our financial future. And most people know it. The frustrating part...

 
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Mike Flynn tells the story.

One of the major factors pushing investors into these securities was the Federal Reserve's weak ...

 
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Daniel Mitchell argues against the bailout.

The bailout repeats the mistakes Japan made in the 1990s. There are several historical episodes ...

 
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The loan guarantees were included in a continuing resolution that included funding for the US go...

 
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Henry Paulson as telemarketer.

This technique is one of the last ones in the the Shafiroff book [on telephone selling]. Once an...

 
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Jeffrey Miron argues against the bailout plan.

Thoughtful advocates of the bailout . . . argue that a bailout is necessary to prevent economic ...

 
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Those of us who support free markets are not your enemies right now. The real problem here is th...

 
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The Paulson plan may turn a profit . . . if everything goes right. If house prices decline furt...

The problem is that the impact on security values is asymmetric. The upside is limited. The bett...

 
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Bernanke, Paulson and Ed Lazear, chairman of President Bush's Council of Economic Advisers, all ...

 
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Banks are charging more to loan to each other, and they've tightened lending standards to protec...

Banks throughout the United States carried on with the business of making loans yesterday even a...

 
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There is a misconception that President Bush’s years in office have been characterized by a ha...

 
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The Treasury Secretary's warnings of impending doom are vague, and his solution is a bad idea.

But when Plan A is the de facto nationalization of the U.S. economy, it's fair to ask, just how ...

 
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Steve Chapman argues against the bailout.

And for what? Bernanke warns of a recession. But economic downturns are not to be avoided at all...