…then the whole idea of capitalism is based on rent seeking. Brooks and George Will know this. They are highly paid liars, confidence men paid to talk you out of…
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Interview of Mr. John Reed regarding banking fixing the game
…talking about this merger but it could not take place if we were not assured that it would be approved at the Congressional level. We talked to the Secretary of…
250 Billion Reasons Why the Fed Hates Inflation (and Doesn’t Care About Employment)
…keep inflation low, and ignore the other side of their dual mandate: employment. We tend to talk in very big numbers these days, but a quarter of a trillion dollars…
extractionism
…is author of ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism. This week, I talk with Yves Smith, and she opened my eyes to some radical stuff going…
The Time I Offered to Bet $10,000
…evidence contrariwise (e.g., his continuing this campaign) notwithstanding. Instead, the multimillionaire lied. Good thing he’s not running on character. I am, truth to be told, probably a lousy poker player….
Posts I Won’t Write
…local, afternoon talk-show host—I want to note Mr. Braun being one of the only reasons to read The Star-Ledger, and especially highlight his series dealing with ICE abusing its power…
The Numbers Behind Newt’s Plan to Balance the Budget
…be thinking that Newt’s comments about deficit reduction speak more to his views on expenditures than on taxes. After all, few Republicans talk about increasing the tax burden these days…
Learning To Owe
A few thoughts from a friend of mine and an introduction from a movie I (run75441) watch each year. “I don’t need 24 hours. I don’t have to talk to…
Judge Brett Kavanaugh’s Strange Political Prediction—And Other Recent ACA-Litigation Events
…the penalty is a tax, since the Anti-Injunction Act applies only to taxes. In August, a panel of the Fourth Circuit Court of Appeals ruled, 2-1, that the mandate is…
Denial in the Mortgage Industrial Complex
…and it was also good to see some of the people I’ve read or heard about, in particular the leading analyst, Laurie Goodman of Amherst Securities. She gave a talk…
