This week “60 Minutes” highlighted an obscure statute that some say is at the root of the recent market meltdown: the Commodity Futures Modernization Act of 2000. The CFMA exempted certain derivatives from existing state and federal regulation. But “60 Minutes” failed to ask the most interesting question: Why was …
My Apologies to the Swiss (Hold Firm Against OECD Meddling) – OpenMarket.org Last week, the German government said that Switzerland should be placed on the international blacklist for tax havens. Really? That is, according to Peer Steinbruck (German finance minister)… Card Check: How Would It Stimulate the Economy? – Shopfloor.org …
Barack Obama’s campaign continues to air a false and inaccurate TV ad that misrepresents the views of The Heritage Foundation. After formally requesting yesterday that the campaign pull its ad touting the candidate’s tax plan, neither Heritage nor our attorney have heard from Obama’s campaign (although a campaign spokesman issued …
We’ve heard a lot lately about “redistribution of wealth.” What would the American Founders think? Property rights provide the foundation of prosperity. As Americans, we’re accustomed to a revolutionary guarantee that we may labor, earn wages and acquire property — and rest assured that what we earn and acquire will …
…then how can we trust them to better manage the economy? A few weeks ago famed currency speculator George Soros made news complaining that financial regulators had been “consistently behind the curve” during the unfolding financial crisis. But why is Soros surprised? It seems that “behind the curve” is one …
If you support free markets, Mary Anastasia O’Grady’s Wall Street Journal op-ed makes for frightening reading: The U.S. hasn’t elected a genuinely protectionist president since Herbert Hoover, and for most of the last 80 years a rough bipartisan consensus has held that free trade is in the American national interest. …
Since the housing bubble first began to burst, we have been quick to note the integral role that government-sponsored entities Fannie Mae and Freddie Mac played in distorting the housing market. However, we have also been skeptical of some claims that the Community Reinvestment Act (CRA) played in facilitating the …
