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 →
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. ...
sds: 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.