by Henry Oliner | Jun 30, 2013 | Uncategorized
“The thing I hate hearing most when people talk about the crisis is that the bailouts “saved the system” or ended up “making money.” Participating in bailout measures was the most distasteful thing I have ever had to do, and those ex post facto rationalizations make...
by Henry Oliner | Jun 29, 2013 | Uncategorized
There have been two movies recently about terrorist attacks on the Whitehouse; Olympus has Fallen and White House Down. The second one even has a black president played by Jamie Fox. I can’t decide if it is wishful thinking or a desire to turn the president...
by Henry Oliner | Jun 29, 2013 | Economics
Kevin Williamson writes in The National Review, iPencil, Nobody knows how to make a pencil, or a health-care system Excerpts: The problem of politics is the problem of knowledge. The superiority of market processes to political processes is not in...
by Henry Oliner | Jun 29, 2013 | Economics
Kevin Williamson writes in The National Review, iPencil, Nobody knows how to make a pencil, or a health-care system Excerpts: Politics creates the immortal corporation. Amtrak and the U.S. Postal Service are two institutions that would have failed long ago if not for...
by Henry Oliner | Jun 29, 2013 | Uncategorized
My interest in this debate is more about its psychology than its substance. One of my guiding observations in finance and other areas is that “when markets go to extremes it pays to be a contrarian”. Much of the language of the AGW debate indicates fears of...
