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

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The Two Inequalities

…Winner-take-all? Deunionization, deregulation and political derepresentation? But a second inequality has appeared on the scene: the growing share of income going to capital rather than labor. This is Piketty’s issue,…

Ho hum or bizarre?

…their lending and trading. The theory is that banks that rely less on borrowing are more stablebecause they are getting more of their financing from shareholder funds, which do not…

Courts and executive actions

…that never-exercised section 4773(f) removal power; and the Kuretski’s should get a re-hearing under a judge no longer ‘biased’ by the improper removal power. The Kuretski case has nothing to…