Category: "Economics & Tax Policy"

The Fed's secret loans

A colleague from the Heartland Institute asked me to comment on the Bloomberg News story about the Fed giving $1.2 trillion of secret loans to large banks, both American and foreign, from 2007 to 2010. Here was my response: The magnitude of the Fed's… more »

Hans Rosling: The Magic Washing Machine

H/T Don Boudreaux The insights from this 9-minute video by Hans Rosling (of his presentation at TED last year) are multiple, important, and interesting, not least because they implicitly explain the immorality of a "green movement" which aims to reduce… more »

Stock market crashing

Half an hour after the market opening, the S&P 500 is down close to 5% and the Nasdaq down more than 5%. The yield on the 10-year note has fallen to 2%, the lowest in history that I am aware of. We're seeing a combination of fears, from European… more »

Easy for you to say

In a Monday op-ed in the New York Times, billionaire Warren Buffett called on Congress to "stop coddling the super-rich [and] … raise rates immediately on taxable income in excess of $1 million, including, of course, dividends and capital gains."… more »

Imagine my surprise

Imagine my surprise, after the first week in several years in which I had no access to newspapers, television, or the Internet, to be re-plugged into the web on Tuesday, digging back through the news of early August, and wondering if Harold Camping was… more »

Stop being a dickhead and balance the f-ing budget

I've gotten this e-mailed to me by a few different people in the last 48 hours. If you haven't seen it already, it's worth your three minutes: Felonious Munk Presents: Stop It B! OBAMA PAY YOUR &*%$#% BILLS http://www.youtube.com/watch?v=tRmZ9zH-… more »

Sick leave sickness

Yesterday, the Denver Post ran my letter to the editor regarding the likelihood of Denver having a ballot measure which would mandate that companies of more than 10 employees give each employee nine days of paid sick leave each year. I think the… more »

It bears repeating

It bears repeating that Barack Obama said on Tuesday that he could not guarantee that Social Security checks would go out if a deal to raise the debt ceiling is not reached before the August 2nd deadline. It bears repeating, as Senator Marco Rubio poin… more »

Washington could learn a lot from a drug addict

http://www.youtube.com/watch?v=itxfB3dN7ps more »

Carbon tax: Australia's economic suicide

Less than two years after a proposed carbon tax felled Australia's Labour Party Prime Minister, his replacement, an utter economoron if ever there was one, appears ready and able to pass such a tax through the Australian Parliament with the support of a… more »