Relevant and even prescient commentary on news, politics and the economy.

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The contrarian addiction

…protects the public from food-borne illnesses. It issues nutritional advice and drug labeling guidelines. It polices false medical claims on packaging and in advertisements. It safeguards about one in every…

The 24 Trillion Dollar Bezzle

…and the blue line that open up after around 1995 is what John Kenneth Galbraith called “the bezzle” — summarized by John Kay as “that increment to wealth that occurs…

In Defense of Deficits

Jamie Galbraith writes in The Nation: In Defense of Deficits The Simpson-Bowles Commission, just established by the president, will no doubt deliver an attack on Social Security and Medicare dressed…