The New Challenge of a Growing Economy

Phill Gramm and Thomas Saving write A Booming Economy Will Challenge the Fed in the WSJ I recommend reading it entirely, but you may encounter a paywall. The authors articulate a concern I have expressed that an expanding economy with put upward pressure on interest...

Big Spender Analysis

from Dan Mitchel at his blog- International Liberty- Mirror, Mirror, on the Wall, Barack Obama (Surprisingly) Is Not the Biggest Spender of All. It turns out that Obama supposed frugality is largely the result of how TARP is measured in the federal budget. To put it...

Digging Fannie Mae a Much Deeper Hole

While banks are returning TARP money, some having taken it under duress, Fannie Mae continues to lose money and receive more bailout. In return for such dismal performance executives are getting pay raises and bonuses. It is a growing contention that Fannie played a...