Archive for January 31st, 2009
Troubled assets explained
Saturday, January 31st, 2009Uncharacteristically, I already understood this banking and finance term on my own through reading and hearing about them, but John Carney gives a good explanation of what "troubled asset" means. More important is why it is a terrible idea for the government to buy them or guarantee them; far from ...
Quote and links of the day
Saturday, January 31st, 2009On the off-chance that you haven't read them, I thoroughly enjoyed this critique of Noam Chomsky and other communist idiots and the ensuing discussion of it at Austro-Athenian Empire. Roderick Long's involvement makes just about everything into a stimulating discussion, if it wasn't already. The quote of the day was provided ...