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    Paul Krugman 'Egregiously Wrong' on Fannie and Freddie

    Nobel Laureate Paul Krugman did some fine work on international trade theory 20 years ago. When he writes about economic policy today, however, he often just gets his facts dead wrong. This past summer Krugman devoted an op-ed to exonerating Fannie Mae and Freddie Mac from their key role in … More

    Dog Bites Man in Los Angeles

    The facts of this story hardly qualify as news. Everybody knows Big Labor is indistinguishable from the Democratic Party. But the brazenness with which the president of California’s largest Service Employees International Union local used nonprofit staffers to campaign for Democrats is stunning. The Los Angeles Times reports: Six people … More

    The Real Problem With Fannie and Freddie

    The Washington Post has a fine editorial on the current financial crisis first noting: As financial panic spread across the globe and governments scrambled to contain the damage, reality seemed to announce the doom of U.S.-style free markets and President Bush’s ideology. But this is wrong in two ways. The … More

    Fannie, Freddie, and The Center for American Progress

    Desperate to defend the incoming corporate-socialist order, the Center for American Progress again defended Fannie Mae and Freddie Mac after Wednesday’s presidential debate. CAP’s Wonkroom notes that John McCain accused Fannie and Freddie of causing the current financial crisis and then offers the following refutation: As McClatchy reported this week … More

    Defending Joe's Right to Earn a Living

    The left is in full attack mode against Joe the Plumber. The leftist website Daily Kos has even posted his home address (and, mistakenly, even the home address of his ex-wife). Now the plumber’s union in Toledo, Ohio, is moving to put him out of business. Joe’s crime? He doesn’t … More

    How Government Intervention Caused the Credit Crisis

    Fantastic clear explanation of how federal government intervention with the market directly caused today’s financial turmoil by Peter Schiff in today’s Washington Post: Just as prices in a free market are set by supply and demand, financial and real estate markets are governed by the opposing tension between greed and … More

    Obama Tax Plan and Joe the Plumber

    The Heritage Foundation’s Center for Data Analysis has just released a study of Barack Obama and John McCain’s tax plans. Using tax models and tax information from other sources as inputs into Global Insight’s U.S. Macroeconomic Model, the study estimates the side-by-side economic effects of the two plans. The study … More

    What Unregulated Capitalism?

    Liberals are so ecstatic over the recent financial crisis that they have lost all contact with reality. Witness Harold Meyerson in The Washington Post: In 1949, a number of famous writers, among them Arthur Koestler, André Gide, Richard Wright, Stephen Spender and Ignazio Silone, wrote essays explaining why they were … More

    Haste Makes Waste

    Senate Banking Committee Chairman Chris Dodd has announced he wants to pass legislation making major changes in lending laws during a lame duck session next month. But the lead witness at Dodd’s Oct. 16 hearing on the financial crisis, former SEC Chairman Arthur Levitt, recently said “not so fast.” At … More

    Fannie and Freddie Caused This Crisis and They Must Be Terminated

    The left is slowly beginning to wrap their heads around the fact that it was too mush government intervention in the market, not too little, that caused the current financial crisis. In an article at Slate defending government subsidization of subprime loans, Daniel Gross writes: Let’s be honest. Fannie and … More