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Economic policy

Why is gas $4 a gallon? You can partially blame Enron. The rest is on us.

Posted on June 21, 2008 @ 9:09 am by David Esrati

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I’m sure I’ll catch some flak for criticizing deregulation, however, somethings just do better with regulation. Banks are one. Bear Sterns proved that. Mortgage funds are another- Countrywide proved that. And, if you want to know why commodities trading needs regulation- well, Enron proved that. I highly recommend either reading, or listening to this entire Read More

Economic Stimulus the Esrati way

Posted on January 19, 2008 @ 10:04 pm by David Esrati

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I’ve heard some crazy ideas about sending everyone a check to try to get the economy going. Unfortunately, that’s a short term salve with a hefty bill. A simple solution would require the banks (who’ve gotten us into this credit crunch in the first place) to take a bit of a spanking, but, with the Read More