Mark Draughn

This is probably wrong in so many ways, but why are we helping the bad financial institutions? Wouldn't it make more sense to help out the good ones? I think, first of all, that the plan is not to simply give away the $700 billion. Instead, the U.S. Treasury will take over bad mortgage investments. I think the way this works is that if the government buys $100 million in bad … [Read more...] about Why Not Bail Out the GOOD Banks?

As an economics blogger, I feel I should say something about the current economic crisis hitting our financial institutions. However, my libertarian philosophy isn't helping me as much as I'd like when it comes to the current financial crisis. It's not that pure free-market economics doesn't provide an answer. It does. I'm just not confident it's a good answer. The … [Read more...] about Nothing Profound On the Financial Crisis

Dear Federal Government, Please buy my Nikon 35mm f/2 lens. I bought it in 2006 for $300. My thinking was that a lens at that focal length with that aperture---a fast normal prime, in photographer lingo---would allow me to take medium shots of people in low light. I thought I would get a lot of good pictures that way, but it's not working out. I'm just not getting as many … [Read more...] about Hey Feds, Buy My Camera Lens