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Daily Archive for October 2nd, 2008

The Nature of the Crisis

My colleague Steven Landsburg points this out to me, from last night’s Senate Bill: SEC. 503. EXEMPTION FROM EXCISE TAX FOR CERTAIN WOODEN ARROWS DESIGNED FOR USE BY CHILDREN. (a) IN GENERAL. Paragraph (2) of section 4161(b) is amended by redesignating subparagraph (B) as sub- paragraph (C) and by inserting after subparagraph (A) the following […]

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Professor Steve Horwitz writes: The current mess is thus clearly shot through and through with government meddling with free markets, from the Fed-provided fuel to the CRA and land-use regulations to Fannie and Freddie creating an artificial market for risky mortgages in order to meet Congress’s demands for more home-ownership opportunities for low-income families. Thanks […]

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