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Regulatory Onanism

How, many people have asked since news broke about Bernie Madoff's $50 billion ponzi scheme, could regulators have let such a blatant criminal slip through their fingers? We know, now. The Securities and Exchange Commission is the sheriff of the financial industry,...

Conservative Failure - New $100 Bill "Looks European"

Conservatives just hate Europe. They think the US should be less like Europe. So following along with this there was a big headline over at the conservative website Drudge Report the other day: "Even Obama's New $100 bill looks European". Here's the thing. The...

China Currency Hearing

This morning I watched a live webcast of a Senate hearing, titled, Senate Banking Subcommittee on Economic Policy to Examine Effect of China Currency Practices on American Manufacturing. The details of the hearing as well as an archive of the webcast are available at...

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