Lynne Kiesling Iceland’s financial and banking industries are really in turmoil right now. Yesterday I heard good NPR story on what’s going on in Iceland that can give you a sense of what’s going on (although I agree with the commenter that Melissa Block characterizing Iceland as “a pretty backward country” was incorrect and inappropriate). …
Lynne Kiesling I am unlikely to say anything more here about our current financial situation, its causes, and the policy responses to it. I’ll give the likely-final word to Nick Gillespie at Reason: “For 30 years,” begins a New York Times story titled “Both Sides of the Aisle See More Regulation,” “the nation’s political system …
Lynne Kiesling This is the closest I’m gonna get to discussing politics at KP … Glassbooth is a pretty cool web application through which you take a budget of points, allocate them among a set of policy issues to rank which issues are most important to you, and then state your policy positions on questions …
Lynne Kiesling OK, this is seriously cool: Freehands gloves have thumb and index finger caps that flip back and are held in place with a magnet while you twiddle your device of choice. They come in fleece, stretch microfiber, and leather for your texting, listening, photographing, and emailing pleasure! And, in my case, knitting pleasure, …
Innovation in Complementary Goods: Hi-tech Gloves for Device-twiddling in Winter Read More »
Lynne Kiesling With all of the blather about how an economic downturn will reduce the demand for oil, and with oil prices hovering around $80 right now, this WSJ Environmental Capital post is a welcome reminder that market processes are about the intersection of supply and demand. An economic downturn will also reduce the resources …
Even Oil Market Processes Are About the Interaction of Supply and Demand Read More »
Lynne Kiesling In Monday’s Washington Post, Sebastian Mallaby argues that blaming deregulation for this financial crisis is both false and dangerous: So the first cause of the crisis lies with the Fed, not with deregulation. If too much money was lent and borrowed, it was because Chinese savings made capital cheap and the Fed was …
The Fallacy, and Danger, of Blaming Deregulation Read More »
Lynne Kiesling When Steve Horwitz says that we have to control the narrative in the wake of the bailout plan’s approval, here’s one example: following up on a link to a 2004 UCLA press release, I found this paper: “New Deal Policies and the Persistence of the Great Depression: A General Equilibrium Analysis” Harold Cole …
Lessons from the Depression: Emergency Policies Can Prolong Weakness Read More »
Lynne Kiesling Global economic weakness and the end of hurricane season mean that gasoline inventories are rising and prices are falling.
Lynne Kiesling In light of Tyler’s observation yesterday that things are going badly if the Fed guarantees commercial paper, I offer without comment this news item: The Federal Reserve announced Tuesday a radical plan to buy massive amounts of short-term debts in a dramatic effort to break through a credit clog that is imperiling the …
Lynne Kiesling Welcome to Hit & Run, Instapundit, and Volokh Conspiracy readers, and thanks to those respective parties for their links. Pro Libertate’s comment from Katharine Mangu-Ward’s post yesterday that linked here wins my prize for the most erudite comment I have seen on our current political environment: Will no one rid me of this …
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