The mythical market and view of an autonomous, self-managing capitalism is contradicted by the multiple real critical dependencies of our economy.
While the US political system (federal, state and local) has been assumed to be one of the more stable political institutions in the world, over the last two decades a series of confrontations between the Republicans and the Democrats has started to expose serious faults in American governance.
Union-busting Wisconsin governor faces recall (via AFP) Have Primary Dealers Built a Muddle Through Scenario?Bond Market Has Mitigated Some of the Risk, But Don’t Go…
Bloomberg link
What is it about the GOP primaries that causes idiots and whackjobs to rise to the top?
Excerpts:
Reining in the judiciary is not an issue that tops voters’ concerns in public opinion polls. Still, it may have particular resonance i…
The nation is still recovering from a crushing recession that sent unemployment hovering above nine percent for two straight years. The president, mindful of soaring deficits, is pushing bold action to shore up the nation’s balance sheet. Cloaking h…
First of all, Social Security is already means tested by
1) Progressive taxation of benefits.
2) Progressive reduction in benefits per dollars payed in.
however, further means testing of the have lesses is a fairness topic other than the thoughts I wa…
If you see a dollar on the sidewalk, bend down and pick it up.
There might be something of value underneath it…..
So on Wednesday, not only did the Republicans win control of the House of Representatives, but the Federal Reserve finally took the…
