Please read this outstanding analysis by Martin Wolf in today’s Financial Times: FT.com / Columnists / Martin Wolf – Seeds of its own destruction Here in a nutshell is why we are where we are. The Reagan era here in America has ended in failure. That means much of what we thought of a good […]

My friend Barry reminds me this morning that I have become a tad repetitive in my drum beating in favor of nationalization. As ever he is far more politically sensitive than I am so I take his cautionary words seriously. I agree, perhaps the molasses like pace of economic policy roll-out is a function of […]

Straight from Paul Krugman: Anti-nationalization arguments – Paul Krugman Blog The opposition to nationalization breaks down very quickly when it relies on purely financial or economic arguments. Krugman has been relentless in articulating this, so I pass on this link to help spread the word. I can understand, although not sympathize with, an ideological anti-nationalization […]