Category Archives: Politics
How Presidential Elections Are Won
The notion that Americans are a dense apathetic people, with no thought above reality television, is a favorite grievance of social critics and slanderers alike. Yet, it has, in fact, only some reasonable basis. The truth is that Americans, as … Continue reading
Why There Are No Jobs
What a week. On Tuesday the DOW finished the day at 13,279, its highest close since December 2007. In terms of the stock market, we’ve crossed the great divide…December 2007, remember, was pre-financial crisis. In fact, it was nearly a … Continue reading
Compulsory Profits Off the Back of Every American
In the fall of 2009, back when the sky was falling, Goldman Sachs’ top man, Lloyd Blankfein, explained to The Times of London that his bank was doing “God’s work.” At the time we weren’t sure what Blankfein was getting … Continue reading
False Booms
Consumers are borrowing money again…and they’re borrowing a lot of it. Last week the Federal Reserve reported that consumer credit increased $19.3 billion in December. This increase dwarfed the $7 billion median forecast of a Bloomberg News survey of economists. … Continue reading
