Archive for November 8th, 2008
The new president’s uphill battle
Saturday, November 8th, 2008Robert Higgs on the dire situation facing the new president: On the stock markets, corporate share prices have fallen precipitously. Unemployment is rising. Housing construction has declined greatly, and home builders are going bankrupt. Many homeowners are losing their homes to foreclosure or tax sale. Many banks and other financial firms ...
Oh, but it isn’t a draft
Saturday, November 8th, 2008I've become quite fixated on two themes of our current political-economic climate in the last two or three months, since the recession seemed to be accelerating and a Democratic sweep on election day seemed nearly certain: making correct economic predictions and explanations (which the Austrians seemed to do pretty well) ...
Sheldon Richman on Black Tuesday
Saturday, November 8th, 2008I wish I had seen Sheldon Richman's thoughts about America's election of a black man to its highest and most vaunted position before I wrote my last post, because I think his take on it (and Wil Wilkinson's, whom he quotes) matches mine more closely than does Lew's, which, if ...