The Folks Who Sell Your Corn Flakes are Acting Like Goldman Sachs—and That Should Worry You
September 11, 2013
In July, the public learned that Goldman Sachs and several other large banks have morphed into giant merchants of physical goods, routinely shipping oil, running power plants, and amassing stocks of metals so large that Coca Cola accused them of hoar
These Three Democrats Could Torpedo Larry Summers's Nomination
September 09, 2013
It has become glaringly obvious over the past couple months that President Obama wants to nominate Larry Summers to become the next chair of the Federal Reserve.
Even liberal politicians are loath to admit that the government plays a leading role in the economy. But it absolutely does, and has done so since World War II.
Obama's Plan for Fannie and Freddie Just Repeats Old Mistakes
August 07, 2013
President Obama's plan for Fannie and Freddie just repeats old mistakes.
How Do Fast-Food Wages Compare to Other Jobs'?
August 01, 2013
Today marks the fourth day in the largest fast-food walkout in U.S. history. One of the strikers’ key demands is a $15 hourly wage, slightly more than double the federal minimum wage of $7.25.
Does the American Dream Even Exist in Your ZIP Code?
July 31, 2013
One reason so many Americans tolerate inequality is their belief that it’s not a permanent condition. Yes, you might start out life without a lot of money. But if you work hard and play by the rules, then you’ll get ahead.
The unstated purpose of reality television is for viewers to feel superior to the poor saps on screen.
Wait, Larry Summers Is Now the Favorite for the Fed?
July 24, 2013
Ezra Klein reported yesterday that Larry Summers is now the leading candidate to replace Ben Bernanke when Bernanke's term as Fed chairman expires in January. This, for those who haven’t been following every twist and turn in the Fed sweepstakes, com
Abenomics is the answer
June 12, 2013
When Japan’s new prime minister Shinzo Abe unveiled his economic program last December, it was greeted with skepticism.
Immigration Reform's Unwanted Foreigners
May 24, 2013
Could the bill before Congress ignite a trade war with India?