The Silver Lining to Hurricanes- September 17, 2008 Here I sit in Houston, having weathered another hurricane. I live in The Woodlands, a northern suburb. We're on our 5th day without power. There are a few libertarian silver linings to hurricane strikes: 1. real heroes (e.g., electrical linemen)...http://www.lewrockwell.com/blog/lewrw/archives/022922.html Say Goodbye to the Risk-Free Rate- September 17, 2008 The risk-free rate of return is a term used in modern financial models to describe a benchmark rate of return with no default risk. This rate is often assumed to be the interest rate on U.S. Treasury debt. The problem...http://www.lewrockwell.com/blog/lewrw/archives/022921.html Don't Let McCain Near Any Explosive Devices- September 17, 2008 Writes Ken Harden: "Your site just gets better and better. I can read everything and still feel like I know something. I don't feel like I'm a Neanderthal attempting to move from the cave. I don't pretend to have even...http://www.lewrockwell.com/blog/lewrw/archives/022920.html Bank Failures- September 17, 2008 As the fraudulent fractional-reserve banks go down, the FDIC "insurance" fund is running out. WaMu will more than empty it. I assume the Treasury will make good on its guarantees, with depreciating dollars, but there is no telling about timing....http://www.lewrockwell.com/blog/lewrw/archives/022919.html Stiglitz Demonstrates His Ignorance- September 17, 2008 One of the Great Prophets Has Spoken. Yes, Joe Stiglitz, Nobel Prize winner, has told us how to "fix" Wall Street. I must say that if he is the epitome of the Nobel Prize winning economist, then the Nobel really...http://www.lewrockwell.com/blog/lewrw/archives/022918.html The Definition of Constitution Day- September 17, 2008 Or More Evidence of How Screwed Up the Country Is. Constitution Day: (n.) Observed on September 17, the day on which federally funded American educational institutions, themselves unconstitutional, are unconstitutionally required to teach about the Constitution. (Yet another reason Kevin...http://www.lewrockwell.com/blog/lewrw/archives/022917.html Talk Show Host Raves About Higgs- September 17, 2008 Buffalo's leading radio talk host, Tom Bauerle, yesterday read Robert Higgs' article about the meltdown on his show and called it one of his favorite "all-time articles."...http://www.lewrockwell.com/blog/lewrw/archives/022916.html The Fed obliterates the Constitution- September 17, 2008 The Fed with AIG has bypassed bankruptcy proceedings and made itself the presider over liquidations, plus it has taken control of the company with the loan. In essence, the Fed is doing the Paulson Plan and then some. It is...http://www.lewrockwell.com/blog/lewrw/archives/022915.html Winging it- September 17, 2008 Bill, it's obvious to me that neither Obama nor McCain have the slightest idea what they are talking about on the financial meltdown. The debates are going to be a hoot! (Neither ever worked in an actual business other than...http://www.lewrockwell.com/blog/lewrw/archives/022914.html McCain Exposed -- Again + The WSJ Accidentally Gives us the ATBC- September 17, 2008 John McCain often has admitted he knows nothing about economics, and for the first time in history, it seems that a presidential candidate (other than Ron Paul, of course) actually has told the truth. I waited to see if the...http://www.lewrockwell.com/blog/lewrw/archives/022913.html |