Benjamin Studebaker

Yet Another Attempt to Make the World a Better Place by Writing Things

Tag: Stock Bubble

The Stock Market Crash: What China and the US are Doing Wrong

Stock markets have been stumbling this week. To some degree, this is happening because corrections are needed, but one of the key reasons these corrections are happening right now is China. China’s stock market has been in a tailspin lately, and the Chinese government has taken a series of measures to prop up its stock market, all of which are only succeeding in making the situation much worse. Right wing commentators in the west are pointing at China and claiming that government intervention in the economy doesn’t work. This is a simplistic and reductive response–the problem is not that China is taking action, but that the specific actions that China is taking are the wrong actions.

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Candidate Evaluations: Hillary Clinton

The inevitable has happened–Hillary Clinton has announced that she’s running for president. And so it’s once again time to continue my Candidate Evaluations series, where we examine a candidate’s background, policy history, and explicit statements in an attempt to figure out whether the candidate would actually be any good at being president. Too often, no one bothers to ask these question, focusing instead on electability or likability. So far, we’ve covered Rand Paul and Ted Cruz, neither of which did especially well. Will Hillary Clinton fare any better?

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Hillary Clinton’s Problems Go Far Beyond Being “Out of Touch”

Hillary Clinton has been getting reamed for being “out of touch” for comments she made regarding the Clinton family’s wealth.  The Clintons earned $109 million during their first 7 years out of office (for an average annual income of $15.5 million), but she nonetheless claimed that the Clinton family was “dead broke”and in debt when it left the White House in 2001, and that the Clintons are not truly “well off“. While Clinton badly misses the mark here, what’s far more disturbing is the role her husband’s administration played in enriching people like them at the eventual expense of the wider population.

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