There are several issues in Washington this week following the passing of the Bailout legislation. Here are some key issues to be aware of this week: Congress passed a massive Continuing Resolution to fund the government for the next year and inserted some ridiculous earmarks and special interest projects. Some …
If you thought passage of last week’s $700 billion Wall Street bailout meant Congress would get out of Washington, you’re not that lucky. Determined to pin the credit crunch on free markets, Chairman Henry Waxman (D-CA) has announced a whole month’s worth of hearings in the House Oversight and Government …
Robert Lawson has a great post at Division of Labor exploring the relation between power, free markets, and government: Let’s explore this point a bit by comparing the concentration of financial power in the hands of the 535 members of the United States Congress with the concentration of financial power …
Federal Prisons:Mackerel Is The Currency of Choice – Carpe Diem WSJ: There’s been a mackerel economy in federal prisons since about 2004. That’s when federal prisons prohibited smoking and, by default, the cigarette pack, which was the earlier gold standard… (tags: Prisons) Let Private Contractors Do It – InsiderOnline On …
George Mason University economics professor Russell Roberts writes in today’s Wall Street Journal: Beginning in 1992, Congress pushed Fannie Mae and Freddie Mac to increase their purchases of mortgages going to low and moderate income borrowers. For 1996, the Department of Housing and Urban Development (HUD) gave Fannie and Freddie …
