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Wall Street Apologist Chadwick Latches on to Austrian Business Cycle Theory

At first I was really excited by this article linked from CNBC’s main page. The writer, founder of Ravengate Partners, early on sounds like Rothbard: There is a long trail to the current financial crisis. Listening to our Government leaders blaming Wall Street greed for the entire debacle begs a response. The Government itself is […]

Frederic Mishkin, Standup Comedian

A CNBC article had the headline: “Top Economist Mishkin: Worse Than the Depression” so I clicked on it. The piece contained two hilarious one-liners: Economics scholar and former Federal Reserve Governor Frederic Mishkin says the shock that continues to rip through the nation’s economy is actually worse than what was felt during the Great Depression. […]

Politicians, Not Ike, Causing the Return of Gas Lines

I explain in this IER piece. What tipped me over the edge on writing this up is that the absurdity struck us here in Nashville. It’s crazy; there are lines of 20 cars out into the street at busy parts of the day. The pastor at church even worked in gas shortage jokes into his […]

Bailing Into Commodities: How the Wall Street Bailout Raises Energy Prices

I explain in this IER blog post.

Diamond Hill Opts Out of SEC List of "Protected" Firms!!

If I am understanding this NASDAQ announcement correctly, it is the coolest thing I have heard in a while. Apparently NASDAQ issuer Diamond Hill Investment Group, Inc. (DHIL) has voluntarily opted-out of NASDAQ’s list of Covered Securities under the SEC’s Emergency Order. Diamond Hill Investment Group, Inc. will not be subject to the restrictions of […]

Murphy and Thornton Take on Paulson and Bernanke; Scott Horton Referees

This was a really fun interview (mp3). Scott always sets up elaborate scenarios or objections. With Mark on the phone, I could be a super geek knowing that he would keep it real.

The Buzz on the Street: Are WaMu Deposits Safe? What About WaMu Stock?

The latest chatter concerns Washington Mutual. Will it sink too? Do its clients need to get out? To WaMu depositors, I would say: Your money (up to $100,000 per account) is insured by FDIC. So in theory it is just as safe (or vulnerable) as everything else that is insured by the feds–and that pile […]

"Henry Paulson, American Oligarch"

Robert Wenzel makes the case in a classic post. An excerpt: We are in the midst of one of the greatest power and money grabs in the history of the world. I am stunned by the Russian style oligarch aggressiveness and boldness of the moves made this weekend, led by Paulson. In a bold strike, […]