Quote For The Week
The 2008 crash vindicated the theory of the Austrian school economists, who had predicted precisely such a credit crunch in remarkably specific terms. Yet the official response, even from notionally...
View ArticleTARP Update: $119 Billion Still Owed, Could Eventually Lose $60 Billion
The Troubled Assets Relief Program, which was widely reviled as a $700 billion bailout for Wall Street titans, is now expected to cost the federal government a mere $25 billion – the equivalent of less...
View ArticleBill Introduced To Permit Illinois Municipalities To File For Bankruptcy
Since I started blogging about a U.S. financial crash back on Memorial Day Weekend 2007, I’ve believed one casualty will be municipal government. Particularly in Illinois. So imagine my non-surprise...
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