Arrogance will never die of course, but hopefully the last few months have set it back a pinch.
The Wall Street Journal had a remarkable piece this past weekend on the banking boom and bust of Iceland. An entire economy - currency ...READ»
America has collectively awakened to a crisis. Fear and a bunker mentality have choked consumer spending. It seems bad news makes people act even more conservatively, which makes things worse, which makes for more bad news. Most of ...READ»
To intervene or not to intervene. That is the raging debate on our satellites. That is the raging debate around our water coolers. ‘Let them fail!’ or “They are too big to fail.’ But it is far deeper and more subtle than ...READ»
There is a new drugstore test called the E.G.T. (Early Government Test). You pee on a stick. If the lines appear, you are no longer living in a free market.
Of course, it may be a temporary condition. A few months of ...READ»
The churning of the press in the last few weeks has at least been good for something. If there were any doubt before, none now should remain. Our national conversation about our economic woes is shockingly devoid of an original voice. ...READ»
The moves of our Federal Reserve and Treasury in the last few weeks are gigantic in scope. Decades from now students will study 2008 when the financial markets changed, when the relationship between the government and the private ...READ»
