Tuesday, July 20, 2010

Taylor on How Cartoonish Keynesianism is Prolonging the Crisis

John Taylor explains how cartoonish keynesianism has been making things worse in this post:
In my view the best stimulus right now would be a clear and credible plan to reduce the deficit and bring down the growing debt.

Tuesday, July 13, 2010

Becker on the Mistakes of the Financial Reform Bill

Economics Nobel Prize winner Gary Becker explains in this post why the financial reform bill won't do much to solve any of the problems that caused the financial crisis, and may in reality make things even worse in the future:
Most of these and other changes in the bill are not based on a serious analysis of what contributed to the financial crisis, but rather are the result of political and emotional reactions to the crisis. Usually, such reactions do more harm than good. That is likely to be the fate of the great majority of the provisions of the Dodd-Frank bill.

Friday, July 2, 2010