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Daily Archive for March 4th, 2009

All ideology aside: If the government had followed a laissez-faire policy for the last six months, and output, employment, housing, and financial markets stood exactly where they stand today, what fraction of people would conclude that “Events decisively prove that laissez-faire is a disaster”? Can you honestly give any answer less than 90%? Here. Note […]

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In Wednesday’s New York Times: What should have been a short visit with her family in Belarus punctuated by a routine trip to an American consulate turned into a three-month nightmare of bureaucratic snafus, lost documents and frustrating encounters with embassy employees. “If you write an e-mail, there is no one replying to you,” she […]

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Where Are the Regulators?

First the Federal Reserve turns itself into a hedge fund (look at its balance sheet), then the Treasury turns itself into a hedge fund (Fannie and Freddie, Citi to name a few) and now the President is playing investment advisor. You know, when I was a banker, at least I had to take a few […]

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