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Home Sweet 'Mortgage Hell'
Rachel Waters | July 10, 2008
     “The scariest money mistake women make (it’s not shoes!),” or so warned the cover of Glamour’s July issue. The cover story “Welcome to my Mortgage Hell” left homeownership looking anything but glamorous and banks…
CNN Wonders 'What If' Oil Hit $200 a Barrel
Rachel Waters | May 12, 2008
     As if record-high gas prices weren’t enough, CNN’s “Your $$$$$” speculated about “what if” oil were to spike to $200 a barrel.        “Well, if you think it is bad now, it could get worse and it…
Housing Bubble, What Housing Bubble?
Rachel Waters | July 21, 2006
     Instead of worrying about the burst of the “housing bubble” you might as well watch paint dry or your grass grow. CNN’s “American Morning” is no longer forecasting doom and gloom for the US housing market. On July 21 Gerri…
Should We Worry About China-U.S. Trade?
Donald J. Boudreaux, Ph.D. | April 26, 2006
Bravo for the Maestro
Donald J. Boudreaux, Ph.D. | February 1, 2006
     How much credit does Alan Greenspan deserve for Americas economic success over the past 18 years? Answer: a lot, but nowhere near all.      I mean no slight to Mr. Greenspan. Indeed, the…
Dear NY Times: Speaking of Ponzi Schemes
Donald J. Boudreaux, Ph.D. | December 29, 2008
Editor, The New York Times 229 West 43rd St. New York, NY 10036 To the Editor: Like many people, Ben Stein was assured that Bernard Madoff "never lost money" ("They Told Me That Madoff Never Lost Money," Dec. 28). Unlike many people, Ben Stein…
Dear NY Times: Applauding the Case for Creative Destruction
Donald J. Boudreaux, Ph.D. | December 18, 2008
Editor, The New York Times 229 West 43rd St. New York, NY 10036 To the Editor: Bravo for Roger Cohen's explanation that market economies work by creating new firms, new products, new processes – and that these creations are both the source of our…
Dear WSJ: People Won't Buy Cars from Bankrupt Companies
Donald J. Boudreaux, Ph.D. | December 15, 2008
Editor, The Wall Street Journal 200 Liberty Street New York, NY 10281 To the Editor: You rightly dismiss the argument that a government bailout of GM, Ford, and Chrysler is justified by the concern that people won't buy cars from companies in…
Dear NY Times: White House Bailout Logic is Flawed
Donald J. Boudreaux, Ph.D. | December 15, 2008
Editor, The New York Times 229 West 43rd St. New York, NY 10036 To the Editor: Presidential spokeswoman Dana Perino said Dec. 12 that "Under normal economic conditions we would prefer that markets determine the ultimate fate of private firms.…
Dear WSJ: Market Logic Protects Us from 'Arrogance'
Donald J. Boudreaux, Ph.D. | December 10, 2008
Editor, The Wall Street Journal 200 Liberty Street New York, NY 10281 To the Editor: Thomas Frank laments that "market logic" promotes transactions that he finds unappealing, such as surrogate-mother contracts ("Rent-a-Womb Is Where Market Logic…