All of the government's pesky market intrusions have people snapping up copies of Atlas Shrugged like they were bailout packages. Since it's not like Ayn Rand's laissez-faire fantasies got us into this mess. Former Fed chair Alan Greenspan, architect of the endless free credit of the 2000s, was famo...

There’s a quote from an unattributed USAF Major at Ben Tre (detailed in personal detail here) describing the logic of destroying an entire village while attempting to rout a deeply embedded Vietcong: “[It] became necessary to destroy the town to save it[.]“ I don’t disagree w...

Greenspan's Body Count “You know go to Disney every year, just have two kids, a boy and a girl, and a retarded golden retriever, and we're just a regular family,� she said....

Image via Wikipedia By Joseph Stiglitz, Vanity Fair We are at a dangerous moment. Behind the debates over future economic policy is a debate over history -- here are the major mistakes that got us here. There will come a moment when the most urgent threats posed by the credit crisis have eased and t...

On September 17, while the financial world was still reeling from the collapse of several Wall Street institutions, a next day air envelope arrived at my house. I probably should have opened it and read its contents before this weekend, because it has a direct bearing on the present crisis. Inside I...

[Note: The following essay was written by "John Law," a pseudonym, and released into the public domain in 2006. Its author's web site is offline. Though it is slightly dated, the economy isn't getting any better, and the analysis presented is as relevant as ever. I disagree with small parts of it, e...

Let’s be honest - if you read beyond the catchy headlines you’d never get the grass mowed The psychology of foreclosure - Robert Shiller makes everyone mad (Calculated Risk) “Dude, where’s my file” - asking the portability question the in context of business reality (Sc...

God bless that hair.Photo: David Burnett/Contact When you're hyping a high-priced memoir on Oprah, you'd better come up with a deeply personal revelation. So ABC News diva Barbara Walters, flacking her much-anticipated autobiography, Audition, marketed her "secret" love affair with married Republica...

i'm glad to see someone i respect as much as stiglitz knocking the cardboard guru, alan, off his perch... "This man (Greenspan) has unfortunately made a lot of mistakes," said former World Bank chief economist Stiglitz, according to a preview of the interview to be published on Monday in profil maga...

After I tried (with a hint of irony) to say something nice about RWR (and Tom corrected me*), John McCain undermines all that goodwill with another mailing: While many of us are aggravated and displeased when we see exactly how much of our hard-earned money goes to the federal government - if one of...