The System of Liberty

by Jerry O’Driscoll I have just completed George Smith’s The System of Liberty: Themes in the History of Classical Liberalism. I recommend it highly to all. It is a tour de force, and an essential read for all those interested in classical liberal ideas. Many of the debates today on the political right have their … Continue reading The System of Liberty

Big Bank Breakup or Tea Party?

by Chidem Kurdas We’ve been going back and forth on the economics of too-big-to-fail banks but paying less attention to the politics. The most recent ThinkMarkets broadside on banks is Jerry O’Driscoll’s post on the Federal Reserve Bank of Dallas annual report. In part of the report, the Dallas Fed’s director of research Harvey Rosenblum argues … Continue reading Big Bank Breakup or Tea Party?

How’s Your Compulsory Holiday Giving Coming Along?

by Mario Rizzo I wish people would perform the following intellectual experiment. Find out how much in federal taxes you have paid in the past year. Don’t worry about making any distinctions between the various payroll taxes and the income tax. It all goes into the same pot in the final analysis. Now assume that this … Continue reading How’s Your Compulsory Holiday Giving Coming Along?