Assorted Links (7/13/2010)

Eugene White: Dodd-Frank, Meet William Jennings Bryan –

“In the Wall Street Journal, Eugene White explains why a ‘Financial Crisis Fund,’ similar to current proposals, was rejected over a century ago during the financial crisis of 1893.”

Amity Shlaes: FDR, Obama and ‘Confidence’ –

“Amity Shlaes writes in The Wall Street Journal that demonizing business deepened the Great Depression. The Obama White House can learn from Roosevelt’s mistakes.”

William McGurn: Obama’s Immigration Fakery –

“In The Wall Street Journal, Main Street columnist William McGurn says that in 2007, Barack Obama helped derail immigration reform as a junior senator from Illinois. As president, he is not serious about a bipartisan bill today.”

Brian Riedl: The Bush Tax Cuts and the Deficit Myth –

“In The Wall Street Journal Heritage Foundation fellow Brian Riedl explains that runaway government spending, not declining tax revenues, is the reason the U.S. faces dramatic budget shortfalls for years to come.”

Two Thumbs Down on the Financial-Reform Bill – Freakonomics Blog –

Economics Nobel laureate Gary Becker’s take on the financial-reform bill; he particularly dislikes the facts that this bill 1) adds regulations and rules about many activities that had little or nothing to do with the (financial) crisis, and 2) essentially says nothing about Freddie Mac or Fannie Mae.

Bret Stephens: Dr. Berwick and That Fabulous Cuban Health Care –

“In The Wall Street Journal, Global View columnist Bret Stephens writes about the death march of progressive medicine.”

Op-Ed Columnist – An Economy of Grinds –

“The slow economic recovery is shutting out the small businesses that are vital to its success.”

Fund Track: Collar Fund Offers Low Risk, Low Reward –

“A cautiously bullish strategy is the mainstay of the $31 million Collar Fund, whose portfolio has low enough risk to inspire comparisons to a bond fund, but whose hedged exposure to stocks aim for stronger returns than bonds.” The Collar Fund represents an interesting application of some very simple financial engineering; this is the sort of stuff we study in my “Options, Futures and Other Derivatives” course at Baylor University…”

Correlation Soars on S&P 500 Shares –

“Stocks are trading in lock-step more than at any time since the 1987 crash, and the trend has some analysts concerned.”

2010 World Cup comes to a close – The Big Picture –

Who Pays for ObamaCare? –

“The Wall Street Journal on what Donald Berwick and Joe the Plumber both understand.”

Lessons From the Swedish Welfare State –

“In The Wall Street Journal, Swedish economists Andreas Bergh and Magnus Henrekson cite research that shows bigger government is associated with slower economic growth. Sweden is a prime example. It’s recent performance is due to market-oriented policies and a declining government share of GDP.

Pat Michaels: The Climategate Whitewash Continues: Don’t Believe the ‘Independent Reviews’

“In The Wall Street Journal, climate scientist Patrick J. Michaels criticizes the recent exoneration of charges that the Climatic Research Unit at the University of East Anglia. He says that the members of the committee had a conflict of interest and that the review work was shoddy.”

Fred Barnes: Obama’s Entitlement Opportunity –

“In The Wall Street Journal, Fred Barnes notes that the president’s deficit commission isn’t likely to agree on tax increases. But it might recommend Social Security reform.”

Book review: Getting It Wrong –

“Edward Kosner reviews W. Joseph Campbell’s Getting It Wrong: Ten of the Greatest Misreported Stories in American Journalism.”

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