By Robert Higgs | Friday November 7, 2008 at 8:36 PM PDT | 12 Comments
Driving yesterday past the gasoline station where I usually buy fuel, I noticed that the price of the lowest grade of unleaded—the one I buy—was down to $2.09 per gallon. Registering this perception as a little piece of good news in an unhappy world, I drove on. Later, however, I began to mull over the...
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Tags: Business, Economics, Politics, The State
By Robert Higgs | at 5:05 PM PDT | 0 Comments
According to an Associated Press report dated November 4, 2008: Michael Alix, who worked at Bear Stearns for 12 years and was its senior risk manager since 2006, was named a senior vice president in the bank supervision group of the Federal Reserve Bank of New York, according to an announcement by the Fed....
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Tags: Money and Banking, The State
By David Beito | at 6:38 AM PDT | 4 Comments
We should all continue to hope that Obama will be a peace president, but that does not mean that we should ignore the considerable evidence that indicates otherwise. For example, his new chief of staff, Rahm Emanuel, is very much from the hawkish wing of the Democratic Party. It was Emanuel who was instrumental...
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Tags: Iran, Middle East, War