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    Commentary / fiscal policy, monetary policy, political reform, regulation, stimulus /

    ‘Can’t Do’ America?

    January 12, 2010

    I have just re-read James Fallow’s article in this month’s Atlantic Monthly: I highly recommend it to anyone who is willing to take a detached and thought provoking look at the ‘malaise’ of America. His point, in brief, is that America as a society is functioning fairly well, but that it’s government is broken. He […]

    Economics / banking /

    Those Banking Levies

    January 12, 2010

    Just a very short note on the reaction to the levy on the banking industry being proposed by the administration. They are a good thing. The hysteria in the financial media should be ignored. Yes: the levies are a tax. Excellent. Banks rent seek by exploiting the safety net we provide for their own private […]

    Economics / bailouts, banking, financial system reform, Obama /

    Banking: Where’s The Anger?

    January 12, 2010

    Wow, banking lives a charmed life. Not eighteen months have past the gambling the big banks undertook in the mid 2000’s sank the economy, but there they all are getting ready to pay our fat bonuses. Don’t we all wish we could live like that? So even as the ‘real’ economy still sheds jobs, over […]

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