CRA and Risky Lending

I had assumed that the effects of the Community Reinvestment Act were overstated by its critics. This is one of those times when I do not mind being wrong: Did the ...

The Crisis of Fiscal Leadership

The prospects for serious fiscal reform in Washington look dire indeed, at least for the immediate future. Speaker John Boehner saw most of his caucus easily reelected, but he clearly ...

Stimulus Before Keynes

Everything you need to know about the economy and presidential politics, you can learn from Sir James George Frazer and The Golden Bough:   OF THE THINGS which the public magician sets ...