“It is natural for men, who wish to hasten the adoption of a measure, to tell us, now is the crisis—now is the critical moment which must be seized or all will be lost; and to shut the door against free enquiry, whenever conscious the thing presented has defects in it, which time and investigation will probably discover.”
A history of US government bailouts. This is really interesting to me as it lists both the circumstances that preceded events like the Savings & Loan and Chrysler bailouts as well as the aftermath.
It also details where money from 2008’s half-dozen bailouts disappeared to.
Dogbert on Wall Street. He knows what’s up, as always.
Interesting video on corporate taxes in the US. The situation is much more complicated than that which the video lays out, but I can’t envision a scenario in which lowering the corporate tax rate doesn’t benefit the little guy.
(via Trying to Follow.)
A Visual Guide To The Financial Crisis. A thorough flow chart of how the financial crisis unfolded and essentially turned into a feedback loop. It’s really remarkable just how perfect of a storm this all is. (Click through to see the chart at a readable size.)
(via Mint.)
Brilliant ad from The Economist. Pizza joints near college campuses in the greater Philly area topped their boxes with a pie chart depicting cheese and curd imports by country.
Who knew Germany is so addicted to dairy?
(via Signal vs. Noise.)
“Somebody ought to call Steve Jobs, who doesn’t need to be bribed to do innovation, and ask him if he’d like to do national service and run a car company for a year. I’d bet it wouldn’t take him much longer than that to come up with the G.M. iCar.”
— Thomas Friedman on bailing out the U.S. auto industry.
