Tag: financial crisis

The Other Money Heist »

Sometimes fiction offers better lessons in political economy than reality.

How Occupy Wall Street Nearly Scuttles Hell or High Water »

Hell or High Water, one of the most talked about films of 2016, is billed as a modern-day western, “heist crime,” or Bonnie and Clyde. A contemporary western is more apt, and its excellent acting, steady pace, tight story and screenplay will likely make it an Oscar contender. The film also makes me yearn...
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Another Euro-Skeptic Calls for Disintegration of the European Union »

Conservative Party MEP Daniel Hannan was perhaps the first major member of the European Parliament to rebel against the socialism of the European Union (EU) and its creation of the financial debacle of Europe. He has called for the disintegration of the EU and for his attempts, he has been silenced and then expelled...
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Financial Reform: Bigger Government, for the Benefit of Special Interests »

In 1971 George Stigler published his “Theory of Economic Regulation” in which he hypothesized that regulatory agencies tend to be “captured” by the organizations they are regulating, so that the regulated organizations benefit at the expense of the general public. Stigler’s capture theory of regulation is playing itself out again in the financial market...
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More Evidence of Current Regime Uncertainty? »

In a November 3 article, the Wall Street Journal reports that corporate cash holdings have reached extraordinary levels: Stung by the financial crisis, companies are holding more cash—and a greater percentage of assets in cash—than at any time in the past 40 years. In the second quarter, the 500 largest nonfinancial U.S. firms, by...
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Mommas, Don’t Let Your Babies Grow Up to Report on the Government’s Financial Reforms »

If you do, they will almost certainly disgrace your family by writing reports that can be interpreted in only two ways: (1) the reporter is a shill for the government, passing off government propaganda as news and analysis; and (2) the reporter is dreadfully incompetent and naïve with regard to government policies. Sad to...
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Wall Street Journal Corroborates Independent Institute Study of Causes of Sub-Prime Meltdown »

After many months of the “mainstream” media refusing to discuss the real causes of the sub-prime financial crisis, the deafening silence has finally been broken in a January 5th front-page article in the Wall Street Journal (WSJ) that begins to unmask the truth. In “Housing Push for Hispanics Spawns Wave of Foreclosures,” Susan Schmidt...
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Onion News Network Satirizes the Bailouts »

The Onion News Network has recently and incisively parodied the utter foolishness of the escalating campaigns for monstrous, federal government bailouts. In The Know: Should The Government Stop Dumping Money Into A Giant Hole? For the authoritative examination of how federal policies are responsible for directly creating the financial crisis, see the recent Independent...
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