April Freeman Banner 2014

IN BRIEF

Citigroup to Repay $20 Billion

DECEMBER 14, 2009

“Citigroup said Monday that it had reached an agreement to wean itself from the government bailout by the end of 2010, beginning with the repayment of $20 billion in federal aid.

“The deal is the latest sign that both banks and the government are eager to end an extraordinary period of federal support for the financial industry. It would leave Wells Fargo alone among major banks in still holding federal aid.” (Monday, Washington Post)

I’m not so sure “eager” is the right adjective.

FEE Timely Classic:
The Financial Bailouts:’See the Needle and the Damage Done‘” by Lawrence H White

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April 2014

Around the world, people are struggling to throw off authoritarianism, with deeply mixed results. From Egypt to Venezuela, determined people build networks to overthrow their regimes, but as yet we have not learned to live without Leviathan. In this issue, Michael Malice and Gary Dudney discuss their glimpses inside totalitarian regimes, while Sarah Skwire and Michael Nolan look at how totalitarian regimes grind down the individual--and how individuals fight back. Plus, Jeffrey Tucker identifies a strain in libertarianism that, left unchecked, could reduce even our vibrant movement to something that is analogous to the grim aesthetic of architectural brutalism. The struggle for our lives and freedom is a struggle for beauty; it begins inside each of us.
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