Archive for the ‘Economics’ Category

For those who haven’t been putting the pieces together regarding recent credit card legislation, Andrew Martin brings up an issue I felt was coming for a while now: Credit cards have long been a very good deal for people who pay their bills on time and in full. Even as card companies imposed punitive fees […]

I listen to NPR’s To The Point with Warren Olney because it’s one of the best sources of balanced information I’ve found. However, I’ve noticed that though the show handles bias better than any other I’ve seen, they have trouble with getting facts straight if people are willing to stand up for factual innaccuracies. For example, I was […]

After a superb meal with my girlfriend’s family this Thanksgiving, several family members were discussing the most recent bailout proposal for the auto industry. Some were for it, others were against it, but the reasons for each position varied from person to person. However, What struck me most was the following statement: “I can tell you […]

I want to take a few minutes to talk about the slew of articles, referencing or alluding to Obama’s remarks regarding wealth redistribution, be they his “spread the wealth” comment to Joe the Plumber or to the 2001 radio interview that has recently surfaced. First, the more general comments. When you talk about wealth redistribution, you are inherently talking about […]

If you’ve taken economics, you know what free riding is, but if you haven’t thought about the web enough, you may realize it’s a concept that no longer makes sense in the digital realm. Tim Lee (of TLF, not the WWW) has a great piece on it. Here’s a quick excerpt: I would make a stronger […]

From ProPublica: Over the coming months, the Treasury Department will be doling out $125 billion to financial institutions, in addition to the $125 billion it’s already promised nine of the country’s biggest banks. And it will be deciding which banks get taxpayer money in private, using a secret set of criteria. So far, Treasury Secretary […]

If you believe Andrew Keen, it looks like tough times are ahead for Open Source… via Slashdot: “The economic crisis will ultimately eliminate open source projects and the “Web 2.0 free economy,” says Andrew Keen, author of The Cult of the Amateur. Along with the economic downturn and record job loss, he says, we will […]

From Techdirt: The folks over at Planet Money note that the first contract awarded under the bailout, with Bank of New York Mellon Corp. just so happens to have the compensation details to Bank of New York Mellon redacted. If anyone is going to trust the government in handling the $700 billion, how much it […]

Via Planet Money, Edward Hadas Writes: [G]o slow on innovation. A new pharmaceutical can’t be sold until it is demonstrated to be both safe and effective. New financial products should be put through roughly similar paces — consideration of the possible economic advantage, analysis of what could go wrong, small trials to see whether the […]

Tax Policy


Recently, one of my favorite personal finance bloggers posted this on Joe the Plumber: This rare moment of candor in this political season has sparked an interesting debate regarding taxes, government’s role in our economy and personal responsibility. Polls show that most Americans are against government acting as an agent of wealth redistribution. Most Americans want […]