I thought I had a good idea. An obvious idea. An idea with a lot of natural and timely appeal. It involved too-big-to-fail banks. A couple of months back the Senate, in a highly unusual bipartisan move, unanimously passed a Continue reading
Too busy to follow economic news from around the world? Confused by all the differing views on whether things are getting better or worse? Brain wary trying to make sense of market analyst jabber and government spin doctor twaddle? Anguish Continue reading
This article of mine appeared today (Sunday) on the opinion page of the Philadelphia Inquirer. If describes how a Democratic Party that has lost its way on economic matters might be reformed. http://www.philly.com/philly/opinion/inquirer/20130505_A_tea_party_for_progressives.html
Socialism had some serious failings as an economic system. It politicized economic decisions, often allocating capital in ways that were unproductive and even counter-productive. It didn’t allow enough outlets for entrepreneurship. In its more extreme forms, it devolved into tyranny. Continue reading
Republicans have a plan to reform business taxes. They want flatter business taxes that lower the tax rate on highest taxpayers; that don’t reduce the revenue generated because it spreads the tax net to reach formerly untaxed or under-taxed businesses, Continue reading
I’m a writer. Maybe that’s why I have such a clear understanding of how words can be used to affect the way readers and listeners of words think. In the economic realm, over a period of decades, I’ve watched as Continue reading
The billionaire creator of a financial news empire wants to be elected Mayor of Philadelphia. He looks like a shoe-in until the man who runs his stock market music department is murdered. What follows is a manic romp that sucks Continue reading
(The scene is a washroom in the headquarters of Goldman Sachs. Mr. B., a company executive, comes out of his private Stall #8 after an extended visit, carrying a bunch of papers. He encounters Selig, the washroom attendant, who asks…) Continue reading
I had a strange dream the other night. I dreamed that I was an archeologist and came upon a three thousand year old tomb in Egypt. In the two rooms of this tomb were stacks of assets. One stack was Continue reading
Senator Bernie Sanders, a progressive senator from Vermont, is introducing a bill this week that would break up the Too-Big-To-Fail banks. It would require Treasury Secretary Lew to compile a list of these institutions in 90 days, and after that Continue reading