September 2008
The Austrian School and the Meltdown →
“We are told that “low interest rates” led to excessive borrowing, but we are not told how these low interest rates came about. They were a deliberate policy of the Federal Reserve. As always, artificially low interest rates distort the market. Entrepreneurs engage in malinvestments - investments that do not make sense in light of current resource availability, that occur in more temporally...
Teen Impales Self on Deer Antlers →
revenge?
U.S. Mint suspends sale of gold buffalo coins →
can someone fill me in on why they did this?
“There is no inherent reason to trust the state to regulate efficiently. The...”
– Pierre Lemieux, “A Crisis of Global Statism” on the US government-regulation of the housing market (via davereed)
“The Obama campaign has sent letters to radio stations in Ohio and Pennsylvania...”
– The Volokh Conspiracy - Obama Campaign Challenges NRA Ad:
This is rather despicable. The Obama team acts in a very thuggish manner to suppress dissent. If you’re a liberal and you’re not troubled by this, you’re not actually a liberal.
For those who care, the ads are actually accurate. ...
Watchsds:
I can’t get enough of this guy.
does he ever stop smiling?
“Mr Paulson’s proposal to purchase distressed mortgage-related securities poses a...”
– George Soros in the Financial Times (via master-of-none) (via navajeet)
80 million people go to bed hungry every night
reform:
600 million children live in extreme poverty.
There are 100 million micro-finance clients world wide.
Stats via Mark Russel Hope International
micro-financing should be the new bailout.
