Economics Links–07.10.08
by Sean Hackbarth
- Walter Williams defends futures markets and speculators. He writes, “Thus, one of very valuable functions performed by the speculator is the allocation of resources over time. It makes sense to take the future into account when making consumption decisions today.”
- The Democratic Leadership Council wants the next President, even if it’s Sen. Obama, to revive the Doha Round of free trade talks as well as the Colombia, Panama, and South Korea free trade agreements.
- What would happen if Fannie Mae or Freddie Mac went under? Partial nationalization would be likely.
- Larry Kudlow noticed cap-and-trade vanished from Sen. McCain’s economic plan. [via memeorandum]
- John Tamny wouldn’t mind seeing GM go bankrupt. The public policies they’ve pushed over the years have harmed the U.S. and done little for the company. [via James Pethokoukis]
