Since government regulatory practice has gone beyond making loans to illiquid-but-solvent banks, to paying back all the deposits of insolvent banks, the result is that there is no reason for depositors to care about whether their bank is taking excessive risks.
Scaling back deposit insurance, combined with a credible policy of putting failure costs onto their rightful owners, stockholders, instead of onto taxpayers is the proper solution to preventing mass bank failures.
If you care about the people struggling to keep their jobs in a difficult economy, you should oppose raising the minimum wage: it hurts the very people you want to help
COVID policies were a great mistake, imposed by arrogant officials who were not following science, but rather were following their own authoritarian instincts.
Providing rights based on group identity is the formula for tribalism, tribal warfare, and injustice.
The Biden Administration’s 2023 budget bill proposing a “billionaire tax,” imposing a 25-percent minimum rate on the “unrealized capital gains” of the wealthiest Americans is unconstitutional.
Trade allows each of us to turn our unique talents into the fruits of the talents of everyone with whom we trade.
What Robert Reich Gets Wrong about the Kroger-Albertson Merger and What He Misses Completely
Faucism combines control over financial resources and information with a carefully cultivated cult of personality.
