Monthly Archives: October 2008

The Rules of the Game (by Russell Roberts): Bob Higgs claims that “regime uncertainty,” the uncertainty about the rules of the game, is what made the New Deal so ineffective. Because business didn’t know what the government was going to … Continue reading →

Reason: Is it Too Late for a Do-Over?: “Three scholars associated with the Federal Reserve Bank of Minneapolis decided to do a little quick fact-checking of “widely held claims about the nature of the [financial] crisis and the associated spillovers … Continue reading →

somehedgehog: Adventuring Party Politics: The Campaign is Getting Ugly

The Government Is Contributing to the Panic – WSJ.com: The solutions being implemented also send the message that resources devoted to risk management are wasted. All of these plans reward the financial institutions that acted like lemmings by chasing the … Continue reading →

Hard to Get Anything Done with Divided Government: But perhaps we should rethink “gridlock”. I would argue that the Clinton “success” was due in large part to “gridlock” rather than in spite of it because Clinton wasn’t able to pass … Continue reading →

Cafe Hayek: Laissez Faire to Blame?: To blame laissez faire for today’s economic crisis is akin to blaming the human body’s natural and normal functioning for the illness suffered by someone who’s overdosing on heroin.

The Triumph of Politics over Economics: Not much more to be said about the bailout bill going into law. Load it up with lots of goodies and you can buy lots of votes. Keep stoking the fires of “crisis” while … Continue reading →