World-News

http://www.commondreams.org/view/2008/10/15-4

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Henry Hazlitt on the bailout

Ludwig von Mises Institute
by Scott A. Kjar

10/15/08

Treasury Secretary Henry Paulson needs to change his reading list. Instead of reading the balance sheets and income statements of the failing banking industry, he needs to read Henry Hazlitt’s classic book Economics in One Lesson. It will cost Paulson far less than the $700 billion that he is spending on the bailout, and he might just learn a little economics in the process...

http://mises.org/story/3142



Business as usual

Foundation for Economic Education
by Becky Akers

10/15/08

If I had a nickel for every time someone described the government’s bailout of the financial industry with that adjective, I could have bailed out Wall Street myself. Tragically, parts of the bill Congress passed earlier this month weren’t unprecedented. In fact, they constitute a pattern for the Bush administration. Even more tragically, many of these sections showed all the staying power of an incumbent politician as Congress and the White House maneuvered, deleting this and amending that among 451 pages few of the voting congressmen could possibly have read...

http://www.fee.org/in_brief/default.asp?id=2405


Informant: Thomas L. Knapp



http://freepage.twoday.net/search?q=Paulson
http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=banking+industry
http://freepage.twoday.net/search?q=Wall+Street
http://freepage.twoday.net/search?q=Nomi+Prins
http://freepage.twoday.net/search?q=Becky+Akers