Update: The Tea Party’s Brewing …

Lynne Kiesling [sorry for the pun-ed.] In doing my morning reading I find posts at EconLog from both Arnold Kling and David Henderson that are in line with my thoughts on government bailouts and increasing anger and frustration. Arnold says Starting last September, our country has gone through six months that shook the world. We … More Update: The Tea Party’s Brewing …

Mortgage Bailouts and the Chicago Tea Party

Lynne Kiesling Count me in as a taxpayer, mortgage holder, and economist who thinks that the Obama mortgage bailout program is bad policy-it’s expensive with little obvious benefit, it creates bad incentives and ex post rewards bad decisions (bad decisions that were abetted by bad government policy), and it’s morally reprehensible. Peter Klein’s remarks on … More Mortgage Bailouts and the Chicago Tea Party