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Ilana Mercer Plugs the Greatest Economics Book Ever
…and she talks good sense on energy issues, too.
Read moreFree Market Experts Explain Why Free Market Doesn’t Work
Incidentally, the other thing that bothered me about CNBC today–btw I don’t own a TV, I saw all this while in Penn State–was that the timid, female commentators were honestly asking things like, “But why was this necessary? Why should taxpayers have to pick up the tab?” Then the swaggering tough guys–with really cool silk […]
Read moreDumbest Quote of the Day
So some guy on CNBC was explaining why the government had to buy up all the toxic debt. He said how there were only two major investment banks left, and that “Goldman Sachs is a symbol of market capitalism around the world. If the government had let that fail, it would have sent a strong […]
Read moreBob, 21st Century; 21st Century, Bob
For months now I have known that I “need to” get a PDA. Finally spurred by the recent loss of my cell phone (which ran on vacuum tubes), I broke down and bought a Blackberry before my Penn State trip. Let me just say: OH MY GOSH. I would have been going crazy had I […]
Read moreThe Government Is Not Promoting Financial Stability
The stock market is opening way way up today because of the announcement of massive government efforts to “support” financial shares. This just demonstrates that the government interventions have not been promoting “stability.” Imagine that during normal economic times, the government started handing out hundreds of billions of dollars to various firms every few days, […]
Read moreDid Andrew Cuomo Make Palin-Like Gaffe On Naked Short Selling?
I’m getting ready for my Penn State student radio interview so I can’t pontificate–don’t worry, I’ll be long-winded tonight. But I’ve got CNBC on in the hotel room, and CNBC’s Maria Bartiromo was interviewing NYS Attorney General Andrew Cuomo, who is getting ready to crack down on “illegal” short-selling. She said something like, “Well Mr. […]
Read moreSEC to Impose More Restrictions on Short-Selling
You can’t make this stuff up. (And if you did, your literary label would be “socialist fiction.”) The SEC is now going to “temporarily” ban short-selling. Details of course are yet to be announced. It’s not clear what the timetable will be, or which stocks will be affected. Also, this particular story doesn’t say whether […]
Read moreMurphy at Penn State Thurs – Fri
Notwithstanding the Wall Street meltdown and other newsworthy items, I will be blogging lightly for the next couple of days as I am giving a talk tonight for the Penn State Libertarians. Here is their flyer (pdf). On Thursday at 5 PM EST I will be on the Penn State radio station (90.7 “The Lion”) […]
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