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Dimon Testifies - and the People Have a Few Questions

Wednesday is the day that JPMorgan Chase CEO Jamie Dimon testifies before the Senate Banking Committee. He was called before the Committee (I believe the term is "invited") after it was disclosed that his bank lost billions of dollars in reckless and unregulated...

The Hard Cash Costs Of The Mental Recession

We give a hat tip to Paul Krugman for recalling the infamous 2008 statement by Phil Gramm, then-presidential candidate John McCain's top economic advisor, that what Krugman is now calling the "lesser Depression" was really nothing more than a figment of our...

Tax Cuts Are Theft

(This post was originally dated August 9, 2010) Conservatives like to say that taxes are theft. In fact it is tax cuts that are theft because they break a long-standing contract. The American Social Contract: We, the People built our democracy and the empowerment and...

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