Rossputin.com

A day after signing a bill that will likely cost American taxpayers more than $3 trillion over the next decade, Barack Obama announced today that his interest in interfering in private contracts and forcing all Americans to absorb the losses for bad deci… more »

The Rocky Mountain News was good enough to publish my letter to the editor about the theft of Mike Rosen's savings by Bernie Madoff. It's a much shorter version of a note I posted on the subject the other day, but I think it bears repetition in this for… more »

For those of you who haven't been paying attention to financial markets (which is probably somewhere between 0% and 2% of my readers), I'd like to point out that the Dow Jones was not only down 9% in January, but it's down 17% since the election of The C… more »

I'm not necessarily attributing causality when all we really know is correlation, but the stock market dropped 180 points, or about 2.25% in the 4 hours after The Chosen One became the 44th President of the United States. My mother asked me if there w… more »

Over at the NY Times, Michael Lewis has written (with David Einhorn) a typically fascinating article, particularly the discussion of the guy who tried multiple times to explain to the SEC how Bernie Madoff had to have been a fraud. You can read the ar… more »

The Telegraph [London] December 10, 2008 What capitalists need to understand By Alex Epstein Iain Martin’s observation - “A culture war has been launched against free markets and so far the hostilities have been astonishingly one-sided” - unfortuna… more »

As I sit here on Matangi Island in the northern region of Fiji, the island next to me is apparently being developed into the world's second "seven star resort" by the people who founded Red Bull energy drink. I'm told the following: They bought the i… more »

As the stock market turns from a substantially down opening to a substantially positive close following the White House's announcement that it will figure out a way to bail out the Big Three automakers even if Congress won't, Don Boudreaux hits the nail… more »

[Update: On Friday, proving yet again that he is not a conservative, President Bush announced that the White House would step in to prevent the "precipitous collapse" of the Big Three. On that news the stock market, which had been down more than 200 poi… more »

Thanks to Christopher for sending this along. In a remarkable story, CBS News lays out the enormous conflict of interest which Michigan Congressman John Dingell has regarding the possible government bailout of GM. He and his wife have substantial hol… more »