Archive for December 5th, 2010

Macroeconomic Booms and Busts: Deja Vu Once Again »

Consider the following commentary on the economic situation: Foolhardy procedures which are divorced from economic realities, or whose economic implications are not understood by their promoters, do not perforce become sanctified and wise merely by designating them as “action”; tilting at windmills does not draw water. [W]hen a recovery program, which, while it may...
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Repeal Amendment Causing Waves »

The Washington Post reports that “Conservative activists are looking to build momentum for a long-shot amendment to the Constitution, introduced Wednesday in the U.S. House, that would allow states to repeal pieces of federal legislation they find onerous.” The Post is referring to the “Repeal Amendment” drafted by Randy Barnett. This proposed amendment provides...
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