Why are Republicans Supporting Dodd-Frank?

By: Daniel Horowitz (Diary)  |  June 13th at 04:02 PM  | 

If Obamacare is the worst piece of legislation passed by Obama and the Democrats, Dodd-Frank is clearly close behind on the list.  This pernicious bill, sponsored by the instigators of the financial and housing crises, will permanently alter our financial markets for the worst just as Obamacare will kill the healthcare sector if it’s not repealed.  I’ve met many small business owners who are contemplating | Read More »

Some hard questions on political economy

By: Paul Cella (Diary)  |  November 12th at 10:55 AM  | 

Perhaps the simplest way to describe the difference is to say that if you’re in business enterprise, you’re exposed to very high risk of failure and bankruptcy, while if you’re in finance capitalism, you’re protected from such risks by means of an astonishing proliferation of machinations and arcane subtleties. What if virtually every variety of debt security were still overvalued? What if, to put it | Read More »