The Dodd-Frank Wall Street Reform and Consumer Protection Act, was based on a mistaken belief that the 2008 crisis stemmed from unregulated financial markets. It spawned hundreds of separate rulemakings and was the most extensive financial regulatory bill since the 1930s.
The truth is that the Covid years are the prism through which most everything else playing out in public affairs today can be read. Truth is stranger than fiction, but this fiction works beautifully precisely because it comes so very close to telling the truth in every grim detail.
The United States is a country of immigrants.
The pursuit of truth depends on open debate.
Capitalism can save us (and the planet) – if we let it.
The monetary central planners can never be more successful in determining a “optimal” quantity of money or the “right” interest rates to assure savings-investment coordination than all other socialist planners were when they tried to centrally plan agricultural production or investment output for an entire society.
This year, and mostly because the Trump administration decided to challenge the entire model, the machinery has begun to malfunction and melt away. There is a very long way to go, but we finally have the answer to the question of this fourth branch’s legitimacy.
Why the claim equals Holocaust denial.
The so-called “Gilded Age” of “Robber Barrons” is better named as the Inventive Period of Capitalism.
CAPITALISM REVIEW