The economics profession has been injected with enormous sums of money -- in the form of chairs, endowments, think tanks, advisory roles, consulting gigs, and God knows what else -- to push it further to the right.
If moving your money to a credit union won't make Bank of America or Wells Fargo small enough to fail, it is a rational consumer decision. Making the switch may not be a revolutionary act, but it will certainly make your life easier.
Almost three years later, people are still hewing to the flawed philosophies that led to the financial crisis. That prevents the country from taking steps to end the permanent recession that enshrouds whole segments of our population.
The political case for appointing Warren is even stronger than the policy case. Choosing anybody other than Warren will not make Obama appear reasonable or moderate--it will make him look weak and corruptible.
Here's the danger: the centralization of risk and power is leading us right into another disaster. We need to get the banking oligopoly under control. But Jamie Dimon is fighting back tooth and nail. And that's why we must fight Jamie Dimon.