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U.S. Mint Halts Buffalo Gold Coin Sales

Robert Wenzel told me that Free Advice readers are taking action; the U.S. Mint had to suspend sales of its 24-karat American Buffalo gold coins because inventories had been depleted.

Free Advice Warning Issued Friday, September 26, 2008: Bank Panic May Be Imminent

I had just assumed the Paulson Bailout was a fait accompli. Yet as I write, it is still uncertain whether this heist will go through. The House Republicans gave Paulson a surprising stick in the eye. The longer the delay, the less urgent the crisis seems, and the closer the election–some figures say the public […]

The Mises Institute "Bailout Reader"

For those who want to immerse themselves in Austrian articles relating to the current financial crisis, here is a reader.

Murphy vs. Paulson Bailout

To paraphrase Michael Corleone* when Kay says she is taking the kids, “Henry, don’t you know it is an absolute impossibility that I would allow you to engineer this bailout? Don’t you know I would do everything in my power to stop you?” (Of course, Michael Corleone was in a much stronger position when he […]

"Credit Markets Mostly Frozen on Stalled Bailout"

Well that headline proves my point, which I reiterate below. And by the way, is “mostly frozen” kinda like how Wesley was only “mostly dead” after Prince Humperdinck unloaded on him in the Pit of Despair? From my LRC column from Monday this week: Just stop and reflect on what the government has done, even […]

No More Jim Cramer!

OK, I confess that I have been reading Jim Cramer’s analyses on CNBC, and I read his column in my wife’s New York magazine whenever I see them. But that all stops NOW. In the Sept. 29 issue of NY magazine, Cramer actually said this: Still, a recovery from a storm this big is going […]

Kudlow Supports $700 Billion Bailout, Unless It Involves Government Intervention

Ahh how Larry Kudlow wrestles with his endorsements. On the one hand, he doesn’t see how the government caused the credit crunch through its meddling and hopes of a bailout (now confirmed). On the other, he knows politicians always screw up the economy. Thus he utters the following ridiculous statement: If the bailout bill allows […]

Americans Oppose Corporate Welfare; Feds Agree to Disagree

I wish the margin were higher, but it reassures me that the average Joe ain’t half bad: the American people oppose the Paulson Plan: Americans oppose government rescues of ailing financial companies by a decisive margin, and blame Wall Street and President George W. Bush for the credit crisis. By a margin of 55 percent […]