Twilight for NES. Lord have mercy.
A bite-sized version of Ezra Klein's Wonkbook.
July 1, 2010
July 1, 2010
July 1, 2010
John Taylor argues the Dodd-Frank bill gives government powers it didn’t need in the crisis
“The biggest misdiagnosis is the presumption that the government did not have enough power to avoid the crisis. But the Federal Reserve had the power to avoid the monetary excesses that accelerated the housing boom that went bust in 2007. The New York Fed had the power to stop Citigroup’s questionable lending and trading decisions and, with hundreds of regulators on the premises of such large banks, should have had the information to do so.”
(WSJ)
July 1, 2010
David Wessel argues Obama’s aggressive posture is building support for free trade
“In international forums, as he did at the Copenhagen climate-change talks, he is arguing that China is posing as a developing country even though it has grown up and needs to be treated like the economic powerhouse it is. At home, he knows—no matter what his economists tell him—that neither voters nor Democrats in Congress will be convinced that free trade is good for them. So he is styling himself as a tough bargainer, who can beat other countries at their own game.”
(WSJ)
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