The Treasury Department says its bank bailouts are over, but the spending continues. [more]
For the second time since he became chairman in 2006, Ben S. Bernanke is leading the Federal Reserve into uncharted monetary territory. [more]
AT A TIME when most mutual funds had a $1,000 or $20,00 minimum, Munder @Vantage required a $10,000 investment, charged a 4% initial commission and levied a 3% annual fee. Back then, nobody cared. After all, we were all going to be rich. [more]
Many Austrians have tried to get Krugman to debate business cycle theory. He’s too busy and too sophisticated to debate an Austrian, of course. Until now. [more]
I'd have preferred to have made this part of the blog I posted yesterday, but it wasn't available until today. [more]
Will the credit ratings agencies downgrade the US's triple-A rating, which it has held since 1917? [more]
One of the world's leading magazines, The Economist has launched a “Global Debt Clock." This excellent initiative is similar to the US Federal Debt Clock in Time Square and the Canadian Taxpayers Federation's DebtClock.ca. [more]
"REALITY EXISTS. And when permitted to function, free markets accurately reflect that reality. From Karachi to New York, government schemes such as artificial price limits or bans on selling short can temporarily delay reality, but they cannot avoid it forever.
By intervening in markets, bureaucrats succeed only in manufacturing the panic and unnecessarily volatility they had hoped to prevent." [more]
"WHAT MAKES these frightening scenes so unnerving is that they're not occurring in third-world dictatorships, but in advanced economies within many of Europe's largest cities. We're used to seeing violent street clashes in Lebanon. But Belgium?
Makes you wonder if, ten years from now, Americans will be clamoring to buy stocks on the New York Stock Exchange (NYX) or throwing Molotov cocktails at the coffee shop across the street. [more]