A Round-up of Op-Eds from the Heritage Foundation Tax Us, Exempt Matt Damon? – Brian Darling Congress decided to load up the bailout bill too, of course. Amid warnings of a massive economic slow-down being right around the corner, lawmakers couldn’t seem to refrain from freighting the potential deal with earmarks. How much damage could Congress do in just two weeks? Consider that the Senate bill was 451 pages — just a tad longer than the three pages submitted by Treasury Secretary Henry Paulson[...] When Whales Trump Security – James …
Heritage fellow JD Foster explains what led to the credit crisis and why it cannot be ignored. There are unprecedented problems in the financial markets. The Federal Funds Rate is the No. 1 tool that the Federal Reserve Board has for governing monetary policy. The Federal Funds Rate jumped much higher than the Federal Reserve Board had targeted and the Federal Reserve lost control of it. The Federal Reserve is pumping money into places where it is not working and neglecting places where monetary liquidity is needed. Heritage has written …
The March 13 report of the President’s Working Group on Financial Markets is a good start towards preventing another credit crisis like the one that has been shaking up Wall Street for the last several months. Rather than trying to clean up the current mess or assigning blame, the report seeks to prevent future crises of this type. The good news is that unlike many of the plans that have been floating around Capitol Hill, the report’s proposals seek to supervise and monitor the credit markets rather than to micro-manage …
