In the midst of the Great Depression leaders from around the world met to attempt to coordinate a solution. They failed miserably. The summit broke up in rancorous disarray. I hope that the upcoming ‘G20’ meeting in London will not suffer this fate. Instead I would like to see it invoke action rather than conclude […]

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 […]