Thursday Links

By George Scoville

“If financial institutions are indeed better than consumers at managing interest risk, then those companies should be able to offer consumers attractive terms for doing so — without the moral hazard of an enormous taxpayer backstop.”
We should be thankful that the president is spending time on his golf game.
After all, he recently reinstated military tribunals at Guantanamo Bay and has continued the use of extra‐constitutional prisons in the U.S. after the Bush era.
“It’s odd that debate here centers on a no‐fly zone, a form of military intervention that shows support for rebels without much helping them.”
Does Haley Barbour really want to cut defense spending? Or is he just really politically astute?

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