The Open Market Blog

• By: Hans Bader
• 03/31/2008

The Fed has cut interest rates to ridiculously low levels to try to bail out mortgage borrowers and prop up the U.S. economy.  But that has led…

• By: Hans Bader
• 03/31/2008

The Supreme Court turned away the Justice Department’s appeal of a ruling that will make it harder to prosecute New Orleans Congressman William Jefferson, who was…

• By: Hans Bader
• 03/31/2008

Recently, the Virginia Supreme Court struck down regional taxes to pay for transportation improvements, such as the perverse grantor’s tax on homeowners, based on the principle…

• By: Hans Bader
• 03/31/2008

Yahoo Finance discusses how mortgage bailout measures turn Aesop’s fable about the ant and the grasshopper on its head, rewarding irresponsibility and punishing thrift…

• By: Hans Bader
• 03/29/2008

Bailing out mortgage borrowers is a bad idea that most Americans oppose.  Yet the “Bush administration is finalizing details of a plan,” “backed by…

• By: Hans Bader
• 03/28/2008

“U.S. capital markets again lost ground against global competitors last year, highlighting the need to streamline regulation and crack down on excessive securities litigation,…