Tag: Wall Street

Panic Attacks Startle Wall Street »

The danger of seeing the stock market as a measure of political performance is that the government will be tempted to intervene.

The Big Short’s Oscar Win and Capitalism in Film »

My blogging colleague Bob Murphy did a nice job of reviewing The Big Short in January, but the film is worth revisiting in light of its Academy Award win for best adapted screenplay. Nominated for five awards, including Best Picture and Best Director, with fine acting by all the principals in the star-studded cast,...
Read More »

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...
Read More »

“Saturday Night Live” Lampoons the Bailout »

In a recent sketch, NBC’s “Saturday Night Live” (SNL) superbly and hilariously lampoons the $700 billion bailout and the foolishness, deception, and hypocrisy of many of those who support it. However, according to the Los Angeles Times, NBC has since pulled the original version of the segment from the SNL website apparently as a...
Read More »

The Data Don’t Justify Financial-Market Panic »

As the hysteria has grown in the discussion of financial markets and related government policies, I have been puzzled by the discrepancy between the best available data and the descriptions quoted in the press—statements by financial gurus, traders, and professors, as well as by government officials. To hear these spokesmen tell the story, you’d...
Read More »

Two Unspoken Assumptions in the Credit-Crisis Debate »

In the heated, sometimes almost hysterical discussions and debates of the “credit crisis” now swirling through the press, the Internet, and the programs broadcast on radio and television, nearly everybody is making two, usually implicit assumptions: I. The volume of outstanding credit should never decline. II. If the volume of outstanding credit has declined, the government should act to reverse that...
Read More »

Metaphors Reveal the Economic Ignorance of Politicians and Journalists »

The past few weeks have been a difficult time for economic educators. Never has it been more obvious that all their efforts have been in vain. Neither the politicians nor the journalists, who have been spewing out words at a rapid rate with regard to the so-called financial crisis and the proposed financial bailout, have a...
Read More »

Credit Is Flowing, Sky Is Not Falling, Don’t Panic »

In democratic societies, every great surge of the government’s size, scope, and power rests on a foundation of fear, and the present occasion is no exception. The president, the secretary of the treasury, congressional leaders, and the vultures now swarming Washington to pick the remaining flesh from the taxpayers’ bones would have us believe that unless the...
Read More »

  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org