Poorly thought-out government regulations can do tremendous harm. To date, the Republican Party's efforts against them have been heavy on bluster and light on action. By thinking bigger and thinking smaller, however, there's a good chance that the GOP could move forward with real regulatory reform.
Despite negative public sentiment and the rise of the Occupy movement, the avarice on Wall Street arrogantly continues on. The big banks are now even bigger and more powerful than they were in 2008 when they were bailed out by the U.S. taxpayers.
Why is David Stockman driving everyone crazy? The shoot-the-messenger frenzy that has greeted Sunday's New York Times op-ed by Ronald Reagan's former budget director leaves one searching for the message that has so unhinged his critics.
In their latest book, The Betrayal of the American Dream, Donald L. Barlett and James B. Steele present a compelling case that America's middle class is in danger of extinction unless our government reverses course on major policies it has pursued over the last four decades.
Where is Phil Gramm hiding? The former Republican senator from Texas has not been heard from since his bank got nailed by the G-men. Or, as the Times put it, UBS now has the distinction of being "the first big global bank in more than two decades to have a subsidiary plead guilty to fraud."
Please don't tell me that these reports in the business press touting Sallie Krawcheck as a front-runner for chairman of the SEC or even a possible candidate to be the next Treasury secretary are true.
If Romney and the Republicans take over, not only will Medicare's guarantee be gone -- forever -- but we will experience the same financial, housing and general economic collapse as we did under George W Bush.
Obama has followed the examples of Summers and Geithner instead of those of Warren and Harris, and that is what has made the election a tossup as voters continue to suffer in an economy that Democrats as well as Republicans wrecked.
After all, governments are made up of individuals, and how could these individuals have a better incentive than I do to spend my (hard-earned) money? Indeed, they have much less at stake, much less incentive not to squander this money.
It's true that regulation costs money, and some short-sighted business leaders seem to have a reflex that causes them to oppose regulation whenever it is proposed. On the other hand, it's also true that lawlessness and an absence of rules can be quite expensive.
A new book by an award-winning journalist, Timothy Noah, draws on a broad range of social science research to illuminate the magnitude and causes of the growing income disparity between the most affluent segment of American society and everyone else.