“Nothing is so permanent”, noted Milton Friedman, “as a temporary government programme”. Friedman died in 2006, a couple of years before Fannie Mae and Freddie Mac, two enormous government-sponsored enterprises (GSEs) that provide liquidity to the American mortgage market, were bailed out during the global financial crisis. The firms were taken into “conservatorship”, a form of temporary government control. It has now been in place for almost 17 years.
From the Dayton, Ohio, suburbs to boardrooms in Dallas, the employees fueling AT&T's next wave of growth aren't fresh-faced college...
In Washington, bad ideas rarely die—they rebrand. Industrial policy—long discredited in theory and practice—has returned under the more palatable language...
Dear patient readers: You have a Links overdose today. Too many things of import happening that are going more under...
People respond to incentives. With some generous interpretation, this simple sentence summarizes the bulk of what you’ll learn in any...
What they are building in Britain is not healthcare reform. It is the construction of a surveillance state disguised as...
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 593.34 points or -0.97% to...
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