Relevant and even prescient commentary on news, politics and the economy.

Is the House Trying to Encourage Criminal Activity?

I left out of the last post why David Vitter (claims) he is blocking the two SEC nominees: Sen. David Vitter (R., La.) will block two nominees to the Securities and Exchange Commission until the agency announces whether victims of R. Allen Stanford’s alleged Ponzi scheme are owed compensation from the Securities Investor Protection Corp….“We’ve […]

Hogging/Jimmy Webb Post

Ken Houghton distracts us from the important things with an examination of monopoly power, asymmetric information, and perpetuating a bad business deal. By the time Gary Bettman got to Phoenix, his lawyer was lying to the court: “There are three things that it takes to be an owner of an NHL franchise. One, you’ve got […]