Month: November 2008

Kill The CRA

The CRA coerces banks into making loans based on political correctness, and little else, to people who can’t afford them. Enforced like never before by the Clinton administration, the regulation destroyed credit standards across the mortgage industry, created the subprime market, and caused the housing bubble that has now burst and left us with the worst housing and banking crises since the Great Depression.

the moral hazard of “everyone needs to be a homeowner” needs to be stopped.

Better Brew

wherein we learn why dogfish rules, and why the large brewers have no taste

Dogfish is something of a mascot for this unruly movement. In the 13 years since Calagione founded the brewery, it has gone from being the smallest in the country to the 38th largest. Calagione makes more beer with at least 10% alcohol than any other brewer, and his odd ingredients are often drawn from ancient or obscure beer traditions. The typical Dogfish ale is made with 4x as much grain as an industrial beer (hence its high alcohol content) and 20x as much hops (hence its bitterness). It is to Budweiser what a bouillabaisse is to fish stock.