Still Too Big To Fail

April 27th, 2010

By Tom Carter Financial regulatory reform is struggling in Congress, like most everything else this constipated institution deals with.  A big issue is whether the proposed legislation will prevent future massive bailouts of financial institutions.  Supporters say it will; opponents say it won’t.  Naturally. Now we have President Obama promoting the bill and saying “…a […]

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Eating Your Seed Corn

October 27th, 2009

In today’s complex global economy, it can be easy to forget the root and the meaning of money.  In fact, it can be so easy that there is an entire school of economics, Keynesianism, that is devoted to the theory that it is the consumer that drives the economy and spending money is the best […]

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Bailouts and Suckers

March 2nd, 2009

Tax season reminds us how much money the government took away from us last year and maybe how much we still have to pay.  This tax season is worse than most.  As the government embarks on a wild spending spree intended to bail out malefactors and stimulate the economy, we have to wonder about some […]

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Bailouts and Executive Pay

February 4th, 2009

There really isn’t much we can do about it.  The economy is in a mess, and like sheep being urged toward the edge of a cliff, we’re being assured that the only answer is a bailout so massive as to be incomprehensible.  Hundreds of billions of dollars, for sure.  All that cash squeezed from the […]

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