Lindsay Lohan tweets the Cato Institute
Lindsay Lohan, sentenced to 90 days, tweets a reference to a Cato Institute article on mandatory sentences. The Institute is falling over itself.
I have received letters from prisoners around the country who have read a Cato publication, or seen a Cato event on C-SPAN, but this is our first celebrity tweet. The Institute is now abuzz!
But what does she think about the contribution of fractional-reserve banking to boom-cycle malinvestment?
Comments
Tweet and ask her.
Posted by: s y | July 9, 2010 11:19 AM
So glad someone is finally talking about Linday's disease. Seriously, she looks 40! There is new information on Lindsay tonight on the show "Issues." Issues had her dad on last night. they have something with her mom tonight...
Posted by: jvmfan | July 9, 2010 1:33 PM
Jay,
Do you seriously question the virtues of fractional reserve banking? That's an even bolder position than end the Fed.
Josh -- Ask Lindsay! As for me, I think that full-reserve banking, with the attendant reduction in regulation that might allow, would be an interesting economic experiment to try in some alternative universe. The legacy system that we have is too entrenched, however. JH
Posted by: Josh Dowlut | July 9, 2010 2:29 PM
I'd very much agree, except for the reluctance to experiment in this universe I certainly concede that the transition period would be ugly, but we almost went there two years ago, and if ongoing supports were pulled we'd be heading right back there now.
Posted by: Josh | July 9, 2010 2:47 PM
In an interview in the Roanoke Times with the author of the Cato article , Erik Luna says that Lohan's reference is now outdated. Cato need not be inflated.
Posted by: Craig | July 10, 2010 8:30 AM