When The Great Depression occurred the first presidential election saw the U.S. elect a visionary and populist leader, one who instituted broad reforms and aggressively sought to change the way the financial community operated. These reforms helped maintain many decades of economic stability. Then the reforms began being rolled back, [...] Read more »
What Are We Really Bailing Out?
http://www.nytimes.com/2013/02/17/business/dont-blink-or-youll-miss-another-bank-bailout.html I won’t go into the details of the piece linked to above from the 2/16/2013 NY Times by Gretchen Morgenson other than to say it is another example of the Fed throwing buckets of money at people it favors, rather I would like to think about what is actually [...] Read more »
Cuba & Venezuela.
It is very interesting to compare Venezuela and Cuba since Fidel Castro and Hugo Chavez have had a very close relationship, and they both dominated their countries so. Despite the fact that these leaders are fading, Castro from age and Chavez from illness, their respective countries still bear the marks of [...] Read more »
Sister Justice.
Recently I was listening to a fine lecture by Margaret Atwood on debt. This lecture, or more precisely series of lectures, covers not just financial debt, but moral debts, debts to the planet, etc. During one of the lectures she in passing brings up the archetype of justice which has [...] Read more »
Gun Control.
The horrific shooting in Newtown Connecticut in which 20 small children and 6 adults were murdered, some shot up to 11 times, had a profound impact on the U.S. I personally cannot remember an event shaking the country so deeply, I think you may need to go back to the assassination [...] Read more »