One of the stated goals of President Obama’s Financial Crisis Responsibility Fee is to reduce the size of financial institutions. Ideally, his administration would like to do some modern trust busting to make sure that banks won’t ever be “too big to fail” again. Who decides when a bank is “too big”? The same government […]
The best defense against bank failures isn’t regulation, rather the threat of bankruptcy.
Regulatory failure instead of a lax monetary policy bears the responsibility for the American housing bubble that produced the financial crisis of 2008, said Federal Reserve chairman Ben Bernanke this Sunday. Bernanke rejected accusations that the Fed contributed to the fostering of the recession and argued that the interest rates set by the bank between […]
It’s difficult to get about some eggs in the eastern parts of the Netherlands these days. Supermarkets are experiencing serious shortages there because large supplies of eggs have been bought up by German wholesalers. The Netherlands has always been one of the world’s greatest exportors of eggs but usually not at a disadvantage to the […]
The United States spend more on health care than the rest of the developed world yet quality is often lower.
“Deadly labor wars hinder India’s rise,” wrote The Wall Street Journal last month. In spite of Prime Minister Manmohan Singh’s efforts to reform India along free-market lines, the country’s long history with socialism continues to keep it from truly embracing capitalism. Battle lines are being drawn in labor actions across India. Factory managers, amid the […]
