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    Economics / debt ceiling, economic policy, fiscal cliff, government spending, Obama, Republicans /

    Obama: Whither Next?

    January 23, 2013

    There are more than a few of us trying to measure the extent of Obama’s sudden outing as a leader of the progressive cause. After four years of varying attempts to inhabit the supposed grey zone between the two poles of politics he announced, rather forcibly, his allegiance to the left. Perhaps he grew tired […]

    Weekly Summary / debt ceiling, government spending, Obama, Republicans /

    The Founding Fathers and The Debt Ceiling Saga

    January 18, 2013

    This week has been dominated by the debt ceiling. This is another sign of the moribund nature of American politics. Elections, and I thought we recently had one, are meant to have consequences. Unfortunately America is not a democracy, which means that a minority of its politicians can dominate the discussion regardless of whether they […]

    Economics / bank reform, Dodd-Frank /

    Finance [non] Reform

    January 17, 2013

    A few of you wonder why I think that Obama’s finance reform [aka Dodd-Frank] was a dud when the banks are always bitching about it. Well, there’s a short answer: it has practically no effect. This is despite it weighing in at 30,000+ pages of dense legalese. Its length alone elevates it into celebrated territory […]

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