As I understand it,a major difference between capitalism and socialism is that in capitalism private interests accumulate the large pools of money needed for social investment while in socialism it’s the government that does it...
The American voter is in a mood. I hink it started with that sleazy bank bailout after Wall Street gamblers crashed the global economy. Workers lost their jobs. Families lost their homes. Investors...
While Joe Biden coyly toys with the idea of running for President and Hillary Clinton sails serenely through that contrived email “scandal,” Bernie Sanders is igniting a nationwide movement that looks more viable...
Back in the 1700s, America was unfortunate enough to have Benedict Arnold. Now, the country has Kevin Yoder. Benedict Arnold’s plot to surrender the fortress at West Point was thwarted. Kevin Yoder’s plot...
There’s a new day dawning in America, and it reminds me of the Roaring Twenties. One huge development is the collapse of oil prices. I just read that oil is trading at less than...
As America braces for a Republican Congress, Wall Street is already reaping its reward for funding the midterm election winners. First to go are some of the curbs on the kind of reckless trading...
I can see Mrs. Knight now, her skirt held out in front of her to make a basket for pebbles she had gathered, lots and lots of smooth, round pebbles. Mrs. Knight was Teacher...
It may not be Wall Street”s worst nightmare but it’s right up there with Glass-Steagel and breaking up those too-big-to-fail banks: Elizabeth Warren has been appointed to the Senate Banking Committee. And she isn’t...
Even someone as unfamiliar with the workings of Wall Street as I am could smell a rat when then Treasury Secretary Hank Paulson came running to Congress yelling that the sky was falling and...
In my opinion, President Obama has been too forbearing for too long. He has responded to the most vicious personal attacks by seeking to find some shred of agreement with his critics. Now, apparently...