Economics Links–08.07.08

by Sean Hackbarth
  • Freddie Mac announced bigger than expected losses and based on its assets minus its liabilities the company has a negative fair value.
  • A report produced by Wall Street banks criticizes itself for excess risk-taking and security complexity that lead to the current financial crisis.
  • James Pethokoukis approves of Sen. Barack Obama’s emphasis on economic growth but wishes he would emulate the 1990s instead of 1930s.
  • Arnold Kling doesn’t see Edison’s failure to profitably run public schools as a failure of market-driving solutions in education.
  • Two economists estimate Oprah Winfrey’s endorsement of Sen. Barack Obama was worth one million votes.
  • Steve Horwitz asks why one-way airline tickets are more expensive than round-trip tickets for the same route.
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