Looking for the New Volcker’s Regular readers of this blog know that I could hardly be a harsher critic of modern-day Wall Street: its practices; its obscene pay for little or no economic contribution (“Wall Street is Worthless“); and its corrupting influence on our government and society generally. And I’ve got plenty of company. As...Read More
“Houston, We Have a (Political) Problem”One of the very best pieces I’ve read — out of perhaps thousands now — analyzing the ongoing financial melt-down is “The Quiet Coup,” by Simon Johnson. The article appears in the May issue of The Atlantic magazine. Johnson, a former chief economist of The International Monetary Fund, has a...Read More
