Tag Archive | "credit"

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Fix Social Security; Unleash Capital

In RealClearMarkets.com, Fred Smith and I explain how the seemingly forgotten — but still important — goal of Social Security reform can help unleash capital, now that the U.S. economy desperately needs it.

Whole thing here.

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Posted in Deregulate to Stimulate, EconomyComments (0)

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LibertyWeek 33: Drinking Our Way to Economic Health

LibertyWeek 33: Drinking Our Way to Economic Health

Welcome to Episode 33 of the LibertyWeek podcast, with your hosts Richard Morrison and Cord Blomquist and technical producer (and this week’s special guest) Ryan Young. After bidding our friend Thor Halvorssen a very happy birthday, we get a fresh recap from Ryan Young on the events of the Free State Project’s recent Liberty Forum in Nashua, New Hampshire (photos). Google’s CEO spurns Twitter (transcript via TechCrunch) in Technology News, John McCain and Richard Shelby say that the government should end the bailouts and…

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Credit Card Price Controls Harm Consumers

Credit Card Price Controls Harm Consumers

The Wall Street Journal editorial got it exactly right:

The Federal Reserve cut rates to historic lows Tuesday, but today it plans to vote to tighten consumer credit — taking away with one hand what it gives with the other. On the agenda is a rule-making that would impose, for the first time, what amount to federal price controls on credit cards.

That’s what the Fed’s proposed amendment to Regulation AA would do. In changes pushed by consumerist groups and grand-standing lawmakers, the proposal would…

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Posted in Legal, Nanny State, Politics as Usual, RegulationComments (6)

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Bailout fails — Move on to Mark-to-Market Reform

Oh, Happy Day! And it certainly is for all those who value freedom, responsibility and the true free market in which individuals are free to profit from their risks on the condition that they don’t stick the rest of us with their losses.

It’s not hyperbole to say the Republican and Democratic backbenchers who defied both parties’ leadership to defeat this $700 billion package of Wall Street socialism literally saved America. Whatever their reasons, this defeat (or rather victory for freedom),…

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Posted in Bailout Watch, EconomyComments (14)

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Investing in Communal Failure: The Current Economic Crisis as a Result of Regulation

Unfettered greed is the suspect many point at to explain the current economic crisis. To some extent, they are right, but it isn’t irrational greed on the part of bank managers or fat cat CEOs. It is the unwieldy bank regulations that forced the entire industry to walk the proverbial plank and then blame it for drowning.

Critics have alternately claimed that over-regulation and under-regulation are the causes for the current crisis. I believe one specific regulation, the Community Reinvestment Act…

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Posted in Bailout Watch, Economy, Precaution & RiskComments (11)

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