Secretary Paulson and Congressional leaders have no monopoly on market-damaging panic. Witness today’s article in the UK’s Telegraph, claiming that world financial markets are ‘falling into the abyss.’ The article shares blame around, but places most if it on German chancellor Angela Merkel for opposing the redistribution of wealth among European countries. A sample from [...]
Posts Tagged ‘Paulson’
How Chicken Little Is Making the Sky Fall (Updated 9/30/08; 10/1/08; 10/3/08)
I think even the most diehard anti-bailout partisans, both left and right, would agree that there have been increasing problems in the financial markets, and that those problems seem to be coming to a head. Although I have a degree in economics, it has been almost two decades since I have used much of that [...]
Lemmings or Leaders?
Whoops. The bailout vote didn’t got as smoothly as some predicted. The ‘blame’ appears to be bipartisan, in the sense that significant numbers of both Democrats and Republicans voted the bill down, but Nancy Pelosi’s anti-administration, anti-Republican rant certainly did not win any votes on the Republican side of the aisle, and likely lost enough [...]
