Trade is good

I subscribe to the consenting adults theory of trade -- if two people want to swap apples for oranges then it's not for me to say otherwise. But there are, of course, often losers to trade. Say automobile manufacturers who cannot compete with their more efficient Japanese counterparts, or taxi drivers who cannot compete with

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Modern banking and financial crises

Is it any wonder that financial institutions make the same mistakes over and over, walking blindly into investments that contribute in no small part to seemingly never-ending crises? When an industry has as much government involvement as banks do -- regulation, compliance, too big to fail, an employment revolving door, the list is endless --

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Déjà vu

This is a bad idea. A very bad idea. Has Obama learned nothing from the last crisis (rhetorical -- of course he hasn't)?

President Obama's economic advisers and outside experts say the nation's much-celebrated housing rebound is leaving too many people behind, including young people looking to buy their first homes and individuals with credit

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