An angry group of oldsters, who were furious about Wall Street and a big government in cahoots with The Street, made themselves known as the Tea Party. Right-wing money came forth, the oldsters accepted it happily, they changed their tune Continue reading
The other day the president of the European Commission gave a speech before the European Parliament calling for a transaction tax on stock, bond and derivative trades. The very considerable sums generated by such a tax will be needed to Continue reading
Sometimes a simple phrase sticks in politicians’ minds like duct tape and guides their actions no matter how misguided the phrase or how intrinsically destructive. Such a phrase is Tip O’Neill’s famous throwaway line that “money is the mother’s milk Continue reading
Obama is an historic figure. The first African-American president. He’s not a very good president, however. Whether historians judge him our third second-rate leader in a row, or our second third-rater in a row, now seems to depend on how Continue reading