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

You searched for: label/auto-industry bailout

I Do Not Think "Tool" Means What You Think It Does

…actions, as a regulator and later a bailout king, often aligned with the industry’s interests and desires, according to interviews with financiers, regulators and analysts and a review of Federal…

Mundane product, juicy returns

…the “acquisition of unwarranted influence” by what he called the “military-industrial complex” in the United States. Today, however, the “large arms industry” of Eisenhower’s day is only part of a…

It’s the Private Debt, Stupid

…scheme. Households and nonfinancial businesses definitely participate (the financial industry makes it almost irresistible not to), but it’s driven by the financial industry, and a huge proportion of the takings…

Measuring GDP Growth

…Therefore I jump on an error, which, I suspect must be very widespread if Drum made it. He wrote the contribution of the airline industry to GDP probably hasn’t changed…