Review Of The Casual Vacancy

If you like epics, you’ll like The Casual Vacancy, author J.K. Rowling’s first book after the Harry Potter series. It is a story of a town rather than an individual. Rowling paints a broad canvass of many different intersecting lives set in a small English town. The plot revolves around the aftermath of the death of local councillor Barry Fairbrother. An election is held to fill his seat on the local parish council. It is set in a small town racked by division and conflict, between parents and children, husbands and wives, rich and poor. Then someone starts posting secrets onto the internet. . . Continue reading “Review Of The Casual Vacancy”

Government Did Not Cause The Recession

We are in the midst of the worst recession since the Great Depression. Economists and commentators alike are united in blaming the banks and the lack of restraint on them for driving us over the cliff. Yet there is a myth common on the internet that it was the government that caused the recession. Allegedly it was the government that forced the banks to lend extra and fueled the boom. There are three parts to this argument. It is claimed the government caused the recession by guaranteeing to bail out banks if they got in trouble, by forcing banks to lend more through the Community Reinvestment Act, Fannie Mae and Freddie Mac and by keeping interest rates artificially low. These arguments are unable to explain the timing of the crisis, its magnitude and the fact that it’s global effect. These claims simply do not stand up. Continue reading “Government Did Not Cause The Recession”