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Scaling Back Our Bloated Financial Sector

It's been apparent for several weeks that the largest U.S. banking behemoths will remain as big and dangerous as they are today once President Barack Obama signs off on the Wall Street reform bill. But individual oversized banks are not the only problem Big Finance...

What Is An Emergency? Afghanistan Or Our Children?

Congress is about to pass an additional $32 billion to pay for the war In Afghanistan. It will have overwhelming bipartisan support, with legislators eager to display their fealty to the troops in an election year. At the same time, the Congress is struggling with a...

100% Pure Wall Street Astroturf

Astroturf is the term for manufacturing an artificial appearance of grassroots concern about an issue. The idea is to pump a bunch of money into a PR campaign that makes it look like there is public support for something, to either make politicians think the public...

Ben Bernanke Thinks We Are Idiots

Ben Bernanke Thinks We Are Idiots Or that we have the attention span of a tadpole. Or he mistakenly read a speech written in 2006 when Alan Greenspan was still the Maestro. In a speech in Tokyo yesterday, Federal Reserve Chair Bernanke warned that central banks must...

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