Category Archives: regulation

Some Lenders Object, Why Not Others?

20 Chrysler lenders or about 30% of the debt Chrysler owes lending institutions are objecting to getting fleeced in the governments planned “surgical bankruptcy” plan. In a normal bankruptcy the senior secured creditors (the lenders) are first in line, while … Continue reading

Posted in Chris' Page, Domestic Politics, regulation | Tagged , , , , , | 2 Comments

US Treasury Refusing Bank Repayments?

That’s what’s claimed in this article in the IBD. This becomes pretty thuggish when you add to the fact that these banks were (allegedly) outright threatened to take the TARP funds in the first place. The reason for all of … Continue reading

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Obama Fires Izzo

…awards Michigan State 18 points.

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Chicago Tea Party

Rick Santelli just went off on Obama’s housing proposal live on CNBC from the commodities trading floor in Chicago. It’s now the headline on Drudge: VIDEO: ‘The government is promoting bad behavior… do we really want to subsidize the losers’ … Continue reading

Posted in Chris' Page, Domestic Politics, Economics, housing, Investing, regulation, taxes | Tagged , , , , , | 1 Comment

Utter Insanity

Those are the only words I can think to describe this proposal. The Hubbard-Mayer plan calls for the government to revive the moribund housing market by providing just about everybody with access to a 30-year fixed-rate mortgage with a 4.5 … Continue reading

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In Summary

Tyler Cowen states his basic views on the crisis. My response in italics:

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Glass-Steagall : RIP

Continuing the discussion on tonight’s podcast, one of the recurring themes of much of the commentary on our current financial crisis is that the cause is too much deregulation. Possibly there is some truth to this, though the evidence is … Continue reading

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Risk and Reward

Many of us, when we hear the phrase “risk and reward” think of Wall Street.  Or business in general. But in reality, “risk and reward” affect us throughout our lives. Our parents take a risk when they conceive us.  They … Continue reading

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When Families Fail

Because of my background in working with emotionally disturbed, learning disabled, and generally abused kids, I am often to drawn to stories about the results of extreme neglect of children. I saw some awfully hard cases with some of the … Continue reading

Posted in Law, Libertarianism, MichaelW's Page, regulation, Society | Tagged , , , , , , , , , | 5 Comments

Counterintuiting the FATA

Posted first at Registan.net, the web’s best source of news and analysis of Central Asia and the Caucasus. My friend Jeb Koogler and I co-wrote an op-ed in Thursday’s Christian Science Monitor, titled, “Myths in Al Qaeda’s ‘home’.” This matters … Continue reading

Posted in Foreign affairs, Josh's Page, Media, regulation | Tagged , , , , , | 1 Comment

GVO Summit: The Power of Organized Utopianism

One of the subtextual themes coming out of the conference so far is what can almost be called a double-standard: the participants demand the right to unrestricted speech, but recoil in horror at the consequences such speech brings. It is … Continue reading

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Because Who Really Needs Evidence Anyway?

Unbelievable: The Motion Picture Association of America said Friday intellectual-property holders should have the right to collect damages, perhaps as much as $150,000 per copyright violation, without having to prove infringement. “Mandating such proof could thus have the pernicious effect … Continue reading

Posted in Law, regulation | Tagged , , , , , | 1 Comment

It’s the Pollution, Stupid

Or more specifically it’s the soot, from our tailpipes, our industries, most of our electricity generation—and also from forest fires, volcanoes, and the wind. Black carbon soot is causing most of the loss of polar ice according to this recent … Continue reading

Posted in Environment, Peter's Page, regulation, science | 1 Comment

Is The Evidence In On Minimum Wage?

When the most recent unemployment numbers were released, the media bleated about the highest percentage increase in the jobless rate since 1986. For example, The New York Times lamented: The unemployment rate surged to 5.5 percent in May from 5 … Continue reading

Posted in Domestic Politics, Economics, energy, Media, MichaelW's Page, regulation | Tagged , , , , , , , , , , | 6 Comments

Where Do Most of Our Problems Come From?

From Congress and the unintended consequences of their actions. Bruce over at QandO has a post discussing an excellent piece by Walter Williams. Most of the great problems we face are caused by politicians creating solutions to problems they created … Continue reading

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Backdoor Kyoto — The Next Chapter

The march of the watermelons towards control of US policy continues apace: Polar bears will now be listed as “threatened” under the Endangered Species Act. But in announcing the listing, Secretary of the Interior Dirk Kempthorne said the decision should … Continue reading

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Hear, Hear

One of my girlfriends is smart as a whip and a talented artist to boot.  Cathy is also hard of hearing. While Cathy can read lips and she also has a device that allows her to converse in very small … Continue reading

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Try Legal Weed

No, not that. We’re talking Weed Beer. I’m talking about a beer made in the city of Weed, California. A local brewer there has named his beer after the small town. The Bureau of Alcohol Tobacco and Firearms however, wasn’t … Continue reading

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Open Minds

One of the toughest tasks to master is to keep an open mind.  We work hard to discover what we ultimately believe to be the truth.  After all that effort, often the last thing we wish to do is have … Continue reading

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Ripple Effects in the Food Trade

Posted first at Registan.net When last I touched on the global food crisis and how it is impacting Afghanistan and the rest of Central Asia, I noted that countries continuing to ban wheat exports would make the problem worse by … Continue reading

Posted in Developmental economics, Economics, Foreign affairs, regulation | Tagged , , , , | 1 Comment

FEC Complaint Filed Against McCain

Some people are hoping to hoist John McCain on his own campaign finance petard. As satisfying as it would be to see the Senator receive a healthy dose of his bitter medicine, however, the complaints filed against him with the … Continue reading

Posted in Domestic Politics, Election 2008, Law, MichaelW's Page, regulation | Tagged , , , , , , , , , , , | 6 Comments

The Nationalization of the Housing Market

Regular readers know that I have been harping on the likely collapse in housing since this blog began. At this point I am hardly an outlier in being concerned, which means now the politicians and experts are ready to ride … Continue reading

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Tragic News for Leftists

Due to free markets, capitalism and freedom in general, the world is getting wealthier. The last quarter century has witnessed remarkable progress of mankind. The world’s per capita inflation-adjusted income rose from $5400 in 1980 to $8500 in 2005.Schooling and … Continue reading

Posted in Developmental economics, Domestic Politics, Education, Libertarianism, Milton Friedman Memorial Page, Peg's Page, regulation | Tagged , , , , , , , , , , | Leave a comment

Fundamentally there was no housing bubble?-Update

So claims Alex Tabarrok. Alex and his blogmate Tyler are two of my favorite bloggers, but on this matter I think Alex is wrong. Unlike for some, his argument doesn’t invite scorn from me, because humility should teach us that … Continue reading

Posted in Economics, Lance's Page, regulation, Urban planning and development | Tagged , , , , , | 8 Comments

An Argument Against Public Education

Via Glenn Reynolds, Wired posts an article describing the fight to include evolution in the science curriculum for students in Florida and Texas: Charles Darwin was born 199 years ago Tuesday, but the debate he ignited about the origins of … Continue reading

Posted in Domestic Politics, Education, Libertarianism, MichaelW's Page, regulation | Tagged , , , , , , , , , | 27 Comments

We’ll Get To That Wind Farm Application – Eventually

And by eventually, they mean decades down the road. This is a perfect example of government getting in the way of the innovation we need to dig ourselves out of our fossil fuel dependency. http://www.ecogeek.org/content/view/1362/1/ If you want to build … Continue reading

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His Own Petard?

(Cross Posted at Whatif?) When John McCain and George W. Bush were vying for their party’s nomination, I was a McCain fan. How could a person not be impressed by the man who refused to leave Vietnam’s prison camp to … Continue reading

Posted in Domestic Politics, Election 2008, Libertarianism, Media, Peg's Page, regulation | Tagged , , , , , | 5 Comments

Gates Capitalism

Commenting on Bill Gates’ advocacy for “kinder capitalism,” Steven Bainbridge notes: But when did Bill Gates ever believe in capitalism? He’s an inveterate monopolist and has been since the beginning. Monopolists hate real capitalism, precisely because they hate competition. Monopolists … Continue reading

Posted in Economics, Libertarianism, MichaelW's Page, regulation | Tagged , , , , , | 3 Comments

Market failure

From Peter Gordon: This morning’s WSJ op-ed (“Gas Taxes Are High Enough”) by Mary E. Peters, Secretary of Transportation, suggests that this appointment belongs on the plus side of the ledger. She is the highest-ranking federal transportation official to openly … Continue reading

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A Strange Maps Addiction

It is a very beneficial habit. Steve Newton has really gotten the bug, and has a startling one showing the difference between North and South Korea. Looking at it reminded me of one I posted about a long time ago. … Continue reading

Posted in Economics, Lance's Page, Libertarianism, regulation | Tagged , , , , , , | 1 Comment

Clinton Proposes Perhaps the “dumbest solution to the current mortgage mess”

Jon Birger at CNN Money writes about a proposal Hillary Clinton floated at the Democratic Debates a few days ago. The plan was to have a “moratorium on foreclosures for 90 days [and] freezing interest rates for five years”. Birger … Continue reading

Posted in Chris' Page, Domestic Politics, Economics, Election 2008, regulation | Tagged , , , , | 3 Comments

Free Shipping Illegal in France

I’m a big Amazon user. I think it’s a lazy guy thing. I know what I want, I don’t want to window shop at the mall or go to the hassle of actually driving and parking and wandering around in … Continue reading

Posted in Chris' Page, Economics, regulation | Tagged , , , , , | 5 Comments

Labour regulations in China and India: Economic Freedom in Relief

This is a stunning statistic: …the annual expansion in China’s trade has been larger than India’s total annual trade during last several years. Tyler Cowen hones in on this point, amongst a bounty of good points: The most important factor … Continue reading

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Today’s links: Washington tries to step up

 (cross posted at Risk and Return) Ben Bernanke gives Congress and the President the green light to take steps to stimulate the economy along with a warning:

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ChrisB and the Federal Reserve

Chris asked what he thought the Federal Reserve could have done differently. I gave him an answer, but there was more to be said. My full answer is here. Scroll around, there is a lot more on the what could … Continue reading

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Bloomberg Busted

From the “Holier Than Thou” department comes this interesting photo taken by Larry Fink for Wired Magazine. (link to larger photo) What’s that he’s reaching for with his right hand? Why, it’s a Cheez-ItTM! After gaining national media attention for … Continue reading

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Bad Santa

Thaddeus Tremayne sees potential legal troubles for St. Nick in the UK: A frosty reception awaits Santa Claus in Britain this year. It seems that the much-loved benefactor of children everywhere is, in fact, suspected of being guilty of a … Continue reading

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Germany Warned About Minimum Wage Laws

Jean-Claude Trichet, the president of the European Central Bank, called them a “brake on employment”: The warning came after several competitors to Deutsche Post, the former state monopoly, announced redundancies and the cancellation of investments in response to Berlin’s decision … Continue reading

Posted in Economics, Foreign affairs, MichaelW's Page, regulation | 1 Comment

Whither The Middle Class?

Hillary and Obama agree on taxing Americans more, they just can’t agree on whether it’s the “middle” or “upper” class that they’re prepared to squeeze for votes (HT: Paul Caron): Class, always an awkward topic in the United States, made … Continue reading

Posted in Domestic Politics, Economics, Election 2008, Health Care, MichaelW's Page, regulation | 3 Comments

Time to praise something admirable in politics and media

It is not often that we hear people willing to face the wrongheaded aspects of a view they hold. Jack Shafer is no friend of Rupert Murdoch, but it is refreshing to hear him take apart some of the main … Continue reading

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Housing and the Red State-Blue State Divide

  Virginia Postrel makes a point I will be exploring in more detail over the next few months in her latest essay at The Atlantic, the reasons behind the vast disparities in housing prices in our country. More interestingly she … Continue reading

Posted in Culture, Domestic Politics, Economics, Lance's Page, regulation, social science, Society, Urban planning and development | 3 Comments

Enough Already

A couple of days ago I linked to McQ and Mark Steyn on the state of knowledge about the “poor family” whose child was used by Senate Democrats in their push to expand the SCHIP program. Here is why: The … Continue reading

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News Brief, À Cause Des Garçons Edition

Cross-posted on The Conjecturer. Defense & The War Dear God. The USAF thinks it will win counterinsurgencies by copying the Viet Cong? These guys are almost as bad as the PMFs. In a must-read analysis, Abu Muqawama concludes, “This, America, … Continue reading

Posted in Domestic Politics, Economics, Foreign affairs, History, Law, Military Matters, Notes on the war, regulation, Technology | 11 Comments

Left Wing Attacks on Right Wing Punditry

So, how low can they go? http://www.politico.com/blogs/bensmith/1007/Elizabeth_Takes_on_Limbaugh.html An Air America producer just sent over some transcript from an interview their Richard Greene (not our Richard Greene) conducted with Elizabeth Edwards, in which she questioned Rush Limbaugh’s Vietnam exemption: ” My … Continue reading

Posted in Culture, Domestic Politics, Keith's Page, regulation | 3 Comments

News Brief, Capture/release Edition

Repeated at The Conjecturer. Defense & the War P.W. Singer on how no one is really asking the right questions about Blackwater and PMCs in general. Contrary to other arguments, it is a question of legality and accountability, since even … Continue reading

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Cities of Men

I have not touched on the subject of the often hostile turn our culture has taken towards men, especially when it comes to their relationships with children. It is not that I don’t agree that that is a concern, in … Continue reading

Posted in Books, Culture, Lance's Page, regulation, social science, Society, Urban planning and development | 6 Comments

Urban Policy

I recently did an interview, about an hour and a half long, on the ongoing, and fruitful, efforts to revitalize downtown Baton Rouge. We discussed a wide variety of related topics to development; economics, regulatory barriers, the work of the … Continue reading

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Trying to find common cause on the size of the state

One of Matthew Yglesias’ salient virtues as a man of the left is that he is economically literate. I realize that his audience on the left would be much smaller if he spent more time on things like this, but … Continue reading

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The Ever Expanding Reach of the State

Radley nails this: So I guess once you’re elected to Congress, you’re immune from drunk driving laws; you can stash the evidence that you’ve committed a crime in your office, because investigators aren’t allowed to search it; if you kill … Continue reading

Posted in Domestic Politics, Lance's Page, Law, regulation | 2 Comments

Regulation and disclosure often destroys information

From Robert Lawson: I hopped on the Chipotle website the other day looking for nutritional information on my favorite meal (carnitas burrito, rice, black beans, mild, hot, and green salsa, lettuce). But thanks to the nanny state, THEY CAN’T TELL … Continue reading

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