What Will Mac ’n’ Mae Cost You and Me?  Morgenson, 08/24/08
The inevitability of a taxpayer-funded bailout of Freddie Mac and Fannie Mae, the hobbled mortgage behemoths, shook investors last week, and shares in both companies plummeted...Read More >>

It's More Than Fannie and Freddie  Mauldin, 08/22/08
Yet another crisis confronts us, as we will have to deal with the aftermath of a rather large number of bank failures over the next year, which is likely to overwhelm the ability of the...Read More >>

Two-Cent Pennies: a Window on Inflation  Watts,  08/21/08
[A good primer on the evils of fiat money - for the beginning 'students' among our friends.] Johnny Carson might have quipped about the economy, "Inflation is so bad these days...Read More >>

The Real Cost of a Full Bailout  Rich, 08/22/08
A recent study from the Congressional Budget Office (CBO) has zero credibility. It pegged likely taxpayer losses in the Freddie Mac bailouts at $25 billion. For those with a sense of...Read More >>

Washington Is Quietly Repudiating Its Debts  O'Driscoll, 08/22/08
Will the U.S. Treasury repudiate its obligations to its creditors, be they citizens or investors around the world? Most observers would answer "no" without hesitation. But Congress...Read More >>

An economic Cassandra whose predictions are coming true
Stephen Mihm, 08/20/08..."[T]he true cost of the housing crisis will not be a mere $300 billion.. but something between a trillion and a trillion and a half dollars.. We have a subprime financial...Read More >>