Michael F. Cannon on McCain's health care plan in The New York Daily News.
[ More Commentary ]
Lessons from the Sub-Prime Crisis
November 19, 2008
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"“Before we give up on free markets, let’s actually give them a shot.”"
by Michael F. Cannon
"Existential Threats"
by Justin Logan
"A Sullivan Reader on Terrorism Strategy"
by Jim Harper
Comparing the Candidates on Foreign Policy
Few U.S. presidential elections have been decided on the basis of foreign policy. For the first time in decades, however, both parties have fielded candidates who have chosen to emphasize their foreign policy views. In "Two Kinds of Change: Comparing the Candidates on Foreign Policy," Cato scholar Justin Logan argues that both candidates have significant flaws in their foreign policy ideas. According to Logan, however, McCain's approach seems likely to amplify and repeat the errors of the Bush administration.
House Follows Senate’s Lead, Passes Massive Bailout
After stalling earlier in the week, the U.S. House followed the Senate in passing $700 billion in relief for the U.S. financial system. Cato scholar Daniel J. Mitchell comments: "The political insiders from both parties have come together to bail out their friends on Wall Street. This is bad news for taxpayers and will not solve the problems created by bad policy at the Federal Reserve and the corrupt subsidies at Fannie and Freddie. The best outcome now is to hope that the market is able to adjust before the politicians come back and ask for another big chunk of taxpayer money."
- "Main Street vs. Wall Street," by Arnold Kling
- Cato scholars assail the bailout on television and radio
- Additional Cato research on this topic
These issues will be dealt with in more detail at the Cato Institute's 26th Annual Monetary Conference: Lessons from the Sub-Prime Crisis, on November 19, 2008
New Regulation Looks at Climate Change, Corporate Legal Markets, and Real Estate
In the current issue of Regulation, Jason Scott Johnston takes a critical look at climate change economics and science, and Patrick J. Michaels corrects some misconceptions about global warming. In the same issue, Gillian K. Hadfield examines a cost of the modern system of professional regulation of lawyers. Also, Elizabeth Kopits, Virginia McConnell, and Margaret Walls look at real estate "clustering" rules.
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The Encyclopedia of Libertarianism
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