The Model Essay

I don't agree with this article, but I think it perfectly captures one major side of the debate. I'll be sure to comment about it and reference it in blog posts to come. A sample: 

Three broad steps must be taken to remake this failed, unstable model: one, regulating global finance; two, correcting global economic, social and environmental imbalances; and three, devising ways to make sure economic progress is aligned with social needs.

Regulatory Link of the Day

If this opening paragraph doesn't get your attention, then I don't know what will:

In my mind’s eye, I envision a street fair—one of those happy community gatherings at which sellers of handcrafted ceramics, funky clothing, herbal remedies, fresh vegetables, and edible delicacies congregate to display their wares for the strolling customers, who chat amiably with the stall-keepers and with one another. Suddenly, amid horrified shrieks and the roar of a giant engine, a truck plows through this placid setting, scattering twisted debris and broken bodies in its wake. Finally, after wreaking a hundred-yard swath of death and devastation, the truck stops, and the driver, Ben Bernanke, climbs down from the cab.

That's Robert Higgs, author of Crisis and Leviathan. It's a recommended link for my series on Regulation.

Oh Bother

Is this the look of a man who has ANY idea what's going on right now? Does this look fill you with confidence about our leadership? Is it too early to brand him with a "Technocrat" tattoo? Oh, alas, poor Timmy: