Politics

Politics will not get nearly as crazy or as radicalized as they did in the 1930s. There are much more robust mechanisms today for transferring and sharing adjustment costs. But it is hard to imagine that the kinds of disruptive political…

The 30-year campaign of the wealthy to rig our economic system – especially the tax component – for their own benefit will accelerate with the GOP capture of the House of Representatives and the likely capture of the presidency and Senate…

Randall Wray advises us to support Representative Kaptur's bill and restore the rule of law Every link of the home finance food chain promoted fraud—from mortgage brokers and appraisers who conspired to overvalue property to stick buyers…

The outcome of the US midterm elections and Federal Reserve Open Market Committee meeting, coupled with the various economic reports, strengthens our base case scenario in which we expect the US dollar to generally trade higher as the 2010…

US President Barack Obama was on "60 Minutes" last night in an interview taped on Thursday. He gave a synopsis of his thinking about the recent US mid-term elections. Here is a bit of what he had to say as written by CBS which…

Paul Davidson argues that the Obama Administration and its allies in Congress have not actually followed the prescriptions laid out by the British economist Lord Keynes in making economic policy – and that this is a principal reason for…

I have been meaning to put together a few comments about the election on Tuesday but I haven't had the time to string anything together. But an enlightening video from Tech Ticker with Jamie Galbraith provides some good fodder. So let me…

Highlights The dollar was mostly flat in a quiet Asian session with the Tokyo markets closed, even though the dollar experienced sharp losses versus sterling and kiwi. The outcome of the Federal Reserve’s FOMC meeting is also weighing…

The latest video from Bloomberg with Jim Bianco is below. Bianco believes the markets will be disappointed Fed if the Fed shows less than 5 months of $100 billion in QE tomorrow. He also doubts whether a tax hike would be a "big, big"…

On Comedy Central, the joke was on President Obama Wednesday night. The president had come, on the eve of what will almost certainly be the loss of his governing majority, to plead his case before Jon Stewart, gatekeeper of the…