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Glass-Steagall: A Red Herring for the Financial Crisis

January 21, 2010

The causes of the Great Recession of 2008-2010 (and possibly beyond) have been debated and explored in many publications, including on these pages.  One of the arguments that I see frequently, even among Conservatives, is that the banking industry collapse was a direct result of the repeal of Glass-Steagall in 1999 by the Republican Congress [...]

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September 5, 2009

The August unemployment numbers came out Friday indicating that the USA is still hovering at a European 9.7% unemployment rate.  That’s the highest it’s been since 1983 and doesn’t include the people who’ve stopped looking for jobs or break it down into which segments of the population are being hit harder than others. The difference [...]

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Government Regulation Brings Unintended Consequences

January 9, 2009

The Law of Unintended Consequences is in full display in the below video.  In it a woman who runs an Organic toy store, and who at first was for a regulation that Congress recently passed on “toy safety”, now is seeing her business adversely affected by the new law passed by congress because of the [...]

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The Financial Mess

September 16, 2008

With the collapse of Lehman Brothers to Bankruptcy, and with Merrill Lynch being absorbed by Bank of America, our financial system is foremost on many people’s minds this week.  Add to that the federal takeover of Fannie Mae and Freddy Mac last week, and the Bear Sternes collapse earlier this year, and we have a [...]

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