Archive for October, 2008

The Deregulated Straw Man

In the current “Credit Crisis,” the news is once again talking about the “failures of deregulation.” It makes me cringe whenever I hear this, and I hear it a lot. Whenever anything goes wrong with a controlled system, the people who want more control blame the problem on the last attempt at “deregulation” and hold [...]

17 October 2008 at 19:46 - Comments

Market Failure?

I see a lot of stuff on the news these days about the failure of capitalism and lack of regulation causing the current financial crisis. My take on this is a bit different. I found a very clear explanation of the current wall street financial crisis and bailout plan that I can find no fault [...]

4 October 2008 at 19:32 - Comments