Economic Books

Clinton betrayed the wisdom of Franklin Delano Roosevelt's New Deal reforms that capitalism needed to be saved from its own excess in order to survive, that the free market would remain free only if it was properly regulated in the public interest.

In the 1930s and 1940s, we restructured our economy to widen prosperity. The result was the Great Prosperity -- a period running from 1947 to 1975, in which the American economy boomed.

The big cop-out about the banking meltdown has been the argument by those most complicit that there was "enough blame to go around" and that no institution or individual should be singled out for accountability.