In an Early Morning Vein
Some links to kick off your Monday morning:
* Bill Kauffman looks back at Norman Mailer's mayoral campaign.
* Gene Healy analyzes the bizarre, fascistic Depression-era drama Gabriel Over the White House. (For my take on that movie and its imitators, go here.)
* Jeffrey Rogers Hummel explains why "we now have the worst of both worlds: a massive bailout financed BOTH by Treasury borrowing, in order to avoid inflationary pressures, and a monetary base increase, heralding future inflation anyway."
* Simon Jenkins devotes his final column to decrying the sorry state of civil liberties in England.
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post comments
From Jesse Walker's 2004 article on Presidential movies:
"Though on second thought, I kind of like the idea of Bush as a rapping socialist after all. Bring it on!"
That's not fair - Bush doesn't rap.
So now the government transfers that uncertainty from private financial institutions to the general taxpayer. Just in case markets failed to notice, Bernanke--rather than calming them as you might expect the Fed to do--combined forces with Treasury Secretary Henry Paulson and President George W. Bush to scare hell out of the American people in order to ram their ill-advised Bailout through Congress.
-Hummel
I read this yesterday, but it still makes me want to get back in bed and pull the covers over my head.