All Posts Tagged With: "New Century Financial"
Subprime Monetary Policy
In recent years monetary policy has been conducted so as to create an expectation that the Federal Reserve will bail out investors when asset bubbles deflate. Investors have come to bank on the Fed’s backing of risky ventures. The recent crisis in the subprime mortgage market is at least partly the outcome of this new [...]
1Nov2007 | Gerald P. O'Driscoll Jr. | 1 comment | Continued-
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Where There’s a Will There’s a Way?
Many aphorisms and common expressions take on a different meaning when seen through the lens of economics. One... Read More
Will Medical “Reform” Cut Real Costs?
It seems that the so-called health care “reform” bill will become law soon enough. (President Barack... Read More
The Welfare State Kills Children
On February 22 a court in suburban Washington, D.C., passed judgment in one of the most horrendous cases... Read More
Government as Consumer
Destutt de Tracy, as I discussed last week, was a French economist whom Thomas Jefferson did his utmost... Read More
Profits, Losses, and Structural Change
A recurring economic theme of President Obama’s election campaign and presidency has been that previous... Read More
