Archive for May, 2016

Wasteful Federal Consumer Financial Protection Bureau Will Hurt Consumers

Monday May 9th, 2016   •   Posted by K. Lloyd Billingsley at 5:00am PDT   •   0 Comments

As we observed in “Financial Crisis and Leviathan,” a deep recession, widespread unemployment, and fathomless debt were the prevailing conditions when the Obama administration created the federal Consumer Financial Protection Bureau in 2011. The CFPB was based on the premise that consumers were unable to look out for themselves without help from the federal…
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Bailing Out the Wrong People

Saturday May 7th, 2016   •   Posted by Craig Eyermann at 8:10am PDT   •   0 Comments

When a government’s public debt grows too large, so much so that it needs to be bailed out in order to continue functioning, who do you suppose benefits the most from the bailout? If you said “the government”, or “the people”, you’re wrong. In reviewing the series of bailouts of Greece from 2010 through…
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Puerto Rico Officially Defaults on Its Debt

Monday May 2nd, 2016   •   Posted by Craig Eyermann at 5:50am PDT   •   1 Comment

The shell game is officially over – today, the U.S. commonwealth government of Puerto Rico will default on making $442 million in payments to its creditors. USA Today reports the news: Puerto Rico Gov. Alejandro García Padilla said Sunday afternoon in a televised address that he had ordered the island’s Government Development Bank not…
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No One-Stop Shop with Government

Monday May 2nd, 2016   •   Posted by K. Lloyd Billingsley at 5:20am PDT   •   0 Comments

California is a high-tech state and that leads Zócalo Public Square columnist Joe Mathews to wonder: “Why, in this Internet age, doesn’t my state offer a one-stop shop where I can renew my driver’s license, register to vote, pay my taxes and buy passes to a state park?” This one-stop shop, says Mr. Mathews,…
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