“Acknowledging that they had greatly underestimated the problems plaguing the nation’s banks, federal officials on Tuesday proposed a $45 billion plan financed by the industry to rescue the ailing insurance fund that protects bank depositors.” (New York Times, Wednesday)
Government deposit insurance is a most insidious form of intervention.
FEE Timely Classic
“Privatize Deposit Insurance” by Jeffrey Rogers Hummel
The Department of Economics at Western New England College, Springfield, Mass., will host its Seventh Annual Economics Conference on Tuesday, ... Go to blog
In this day of trillion-dollar-plus federal deficits, Destutt de Tracy's critique of government debt is especially relevant. ... Go to blog
Many aphorisms and common expressions take on a different meaning when seen through the lens of economics. ... Go to blog
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