Big Business + Government: Why Wall Street records don’t mean happy days are here again…

By: imperfectamerica (Diary)  |  May 6th at 10:30 AM  | 

On Friday, the stock market, driven by record profits and a better than expected jobs report, – not to be confused with a good one – closed at its all time record high. Closing at 1,614, the S&P 500 closed up 148% from the low it reached in 2009. Not bad given that the economy is up a paltry 5.5% over that same period. Already | Read More »

Regulation vs. Prosperity… America goes gently into that good night

By: imperfectamerica (Diary)  |  March 11th at 08:00 AM  | 

Thanks to the Founding Fathers, in 2013 the United States has built the wealthiest nation in history on free markets and the rule of law. (And thanks to their more recent successors, we’re simultaneously the poorest… but that’s another discussion.) While the Founding Fathers were remarkable for much, what is perhaps their greatest legacy is their recognition that Americans, like all men, are imperfect. In | Read More »