Monthly Archives: December 2008

Why stimulus attempts fail

When a government spends money, a few things happen: it competes with the private sector for money, driving up inflation (or interest rates) it competes with the private sector for products and services, driving up costs it competes with the … Continue reading

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Good choice (I think)

The U.S. Senate made the right choice rejecting the auto industry bailout. This isn’t about class warfare: it doesn’t bother me that the CEOs took their bizjets from Detroit to Washington (CEOs take private jets so that they have more … Continue reading

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What's happening in Canada?

Canada just had an election six weeks ago, but we might have a new Prime Minister and cabinet from a different party in a week or so, without holding another election. What gives? Background If you don’t live in a … Continue reading

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