Washington, D.C., May 27, 2025. Just four months into his first term, President Scott P. Brown faces what is rapidly becoming a severe financial crisis, with the collapse yesterday of yet another Stable Wind Farm Trust. The failed institution, Magna-SWIFT, is the largest thus far, with over $90 billion in assets. Rumors also continued to swirl about the condition of the Houston Power House, one of the nation’s largest clearinghouses specializing in weather and power derivatives. Experts warned that a major clearinghouse failure could have devastating implications.More here.
Thursday, May 27, 2010
Monday, May 24, 2010
When Alexander Hamilton and Aaron Burr dueled at dawn on July 11, 1804, the fight was not just between a former Treasury secretary and a sitting vice president, two political heavyweights of the early American republic. It was also between two founders of major financial institutions that are still in existence (following mergers and name changes) over two centuries later.Whole thing here. Also, I'll be discussing this article on the Gabe Wisdom Show on Wed., 5/26 at 7pm ET, which can be listened to by radio or Internet at the show link and later here.
Indeed, the animosity that led to the duel that took Hamilton’s life and turned Burr into a political outcast was exacerbated by their respective roles in setting up some of America’s first financial firms.
Friday, May 21, 2010
-- John Guardiano declaims against anti-Rand Paul reactions at FrumForum, where he and I write.
-- Stuart Kauffman on NPR on "The Actual, the Possible and What's Real."
-- An absorbing interactive package at (my sometime employer) Scientific American about "12 Events That Will Change Everything."
UPDATE: And the Kauffman piece above leads (though I had to find the link) to a fascinating (notwithstanding density) discussion of "Five Problems in the Philosophy of Mind."
Wednesday, May 19, 2010
Tuesday, May 18, 2010
Monday, May 17, 2010
-- Bruce Bartlett on how "fusion voting" could give third parties some sway. It strikes me as an attractive proposition at a time when a third party plausibly could be less ideologically extreme than the first two.
-- Walter Russell Mead on how efforts against climate change represent "gnostocracy," or rule by experts, which he dismisses. But aren't there some subjects about which the experts genuinely know much more than the general public?
Thursday, May 13, 2010
UPDATE: Or just watch.
Wednesday, May 12, 2010
Now he's complaining that current legislation does not allow "a full and ongoing audit of all of the Federal Reserve's lending and monetary policy activity."
What's the point of Congress auditing monetary policy if not to affect it, and what plausible effect could this have other than to make it more inflationary?
More on Ron Paul and monetary policy: here and here.
Tuesday, May 11, 2010
Saturday, May 8, 2010
Surely, there are many people who are amenable to conservative arguments but averse to the overheated style in which these are often presented. Moreover, the “we’re at war” talk is a gift to the left, as it provides handy citations for convincing the center that the right is crazy and irresponsible.
Better to win calmly than to lose hysterically.
Whole thing, including a mention of the once-great Instapundit, here.