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 …
Congress yesterday approved legislation to upgrade South Korea’s military procurement status to equal that of members of NATO, Australia, Japan and New Zealand (“NATO+3”). The legislation, authored by Rep. Ed Royce (R-CA), is expected to be signed by President Bush within the next few days. With this action, Congress has …
The economic rescue package that the House will vote on tomorrow provides federal regulators with a broader array of tools to fight the economic problems facing the nation than the version that was defeated Monday. As the effects of the crisis continue to spread, these additional tools are likely to …
