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Eloquent Economic Commentary from Ayaan Hirsi Ali
Ayaan Hirsi Ali, my hero, sings the praises of open markets in a tightly edited, 6-minute video on the Templeton Foundation site, part of a series of discussions about “big questions” such as “Does the…
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Congress May Have a Spine on Auto Bailout
Here’s why Congress ought to hold the line and refuse to bail out the automakers (emphasis added): Requiring car companies to meet corporate average fuel economy (CAFE) standards forces them to lose money on small…
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Reasons for Republicans to be Thankful
Jennifer Rubin offers some Thanksgiving cheer at Pajamas Media. I don’t agree with every word of her post, but I love these parts: First, President-elect Barack Obama won by assuring voters he would pursue tax…
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Mr. Obama: Declare War on Rube Goldberg
In today’s Wall Street Journal, Holman Jenkins identifies the key culprit in the current economic woes. It’s not Hank Paulson or Hank Greenberg or Stan O’Neal or even George Bush. The most formidable enemy of…
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Bankruptcy is the Right Medicine for Automakers
Look at the bright side – GM stock only has $3 farther to fall. (From Yahoo Finance) The more I read and think about a potential further bailout of the auto industry, the nuttier the…
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Bailouts: Further Down the Slippery Slope
David Brooks makes the case against an auto industry bailout more eloquently than I did: A Detroit bailout would set a precedent for every single politically connected corporation in America. There already is a long…
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The Slippery Slope of Government Bailouts
Stephen Bainbridge has done the best job I’ve seen of describing why bailing out the U.S. automobile industry — as proposed by Congressional Democratic leaders — would be a terrible mistake. Point by point he…
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Krauthammer Explains the Election
I’ve argued before that it is deeply ironic that the financial crisis benefited the Democrats this year, since the Democrats drove the reckless expansion of access to mortgages that led to the crisis, while Republicans…
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Evidence That Obama May Not Be a Socialist
Here’s hoping that whatever socialist tendencies President-elect Obama may have will be tempered by recognition of the success of his remarkably entrepreneurial, decentralized campaign. Bret Swanson floats this idea in today’s WSJ (free link), in…