All Posts

Archive for All Posts

A Major Recession Seems Due–Just Look at the Pretty Picture

Folks, I am not a “chartist,” because I wouldn’t want to go the John Nash route of spotting spurious causal connections. But, if you accept Austrian Business Cycle Theory, then the following graph of the levels of M1 is very interesting. (Click for larger image.) Specifically, you can tell a little story that the Fed […]

Cramer Says Paulson’s Plan Will Stop Home Price Declines

Help me out here folks. In the following passage, Jim Cramer has committed himself to predicting that house prices will stop falling if Paulson’s Plan gets approved. Right? Opinions abound when it comes to Treasury Secretary Henry Paulson’s proposed $700 billion bailout plan for U.S. banks. And a lot of them are negative. But Cramer’s […]

Why Hank Paulson Made Sprint Be Mean to Me

Now this is going to start off on a wild tangent, but bear with me. We are working toward this thesis: Resolved, Treasury Secretary Henry “I Love the Free Market (I Have a Thing For Weakness)” Paulson is directly responsible for the mean treatment I received at the hands of Sprint. OK, so I just […]

Tyler Cowen Endorses (?!) Blowing Up Homes

I have been good for a few days, and avoided my nervous tic of ridiculing Tyler Cowen’s blog posts. (This is mostly because I think he’s been good on opposing the Paulson Plan.) However, I cannot bite my tongue when he today writes this: So I have a modest proposal. The Fed/Treasury can identify those […]

"Free Market" Bush and Paulson Discredit Free Market

The leftists have not missed the irony in the latest power grabs by Paulson & Friends. This is why it’s so annoying when mainstream Republicans run on a “small government” message and then do the opposite in office. From the article: Of course, the ironies and the potential pitfalls of this administration enacting a socialist […]

Warren Buffett Invests $5 Billion in Goldman Sachs

Warren Buffett apparently is a Free Advice reader. He has decided to invest $5 billion in Goldman Sachs, no doubt after reading my earlier blog post which contained the following analysis: I heard a guy say on CNBC that it was crucial to save Goldman Sachs because it is a symbol of capitalism around the […]

SEC Adds to the (Long) Short List, But Allows Firms to Opt Out

The SEC added another 40 stocks to its “no short” list, but at least it is allowing firms to take themselves off the list: Meanwhile, two companies JMP Group [JMP]…the parent of JMP Securities, and Diamond Hill Investments [DHIL]…have been removed from the list. This is great. A libertarian writer (I want to say Boaz […]

Democrats Let Offshore Drilling Ban Expire!!

This just came out Tuesday night: Congressional Democrats have decided to pick their battles, and will allow the congressional moratorium on offshore drilling to expire with the fiscal year at the end of September. (The Gang of 10 and then Speaker Pelosi’s bill, which passed the House last week, were all measures to reinstate a […]