The headline says it all. Why Isn't Wall Street in Jail? Financial crooks brought down the world's economy — but the feds are doing more to protect them than to prosecute them via Why Isn't Wall Street in Jail? | Rolling Stone Politics. It's all about cronyism and revolving-door regulation. There's no way the feds … Continue reading Why Isn’t Wall Street in Jail? | Rolling Stone Politics
Kash at Streetlightblog and Angry Bear explains easily with one graph both how the federal budget got to be in such imbalance (deficit) relative to GDP and how insignificant the so-called "massive stimulus" was in 2009-10. I think that when trying to understand the federal government's fiscal situation, at least on the spending side, it … Continue reading Real Causes of Federal Spending Growth: Military and Healthcare
Collective bargaining and unions are necessary and beneficial to society, even for those who are not members of the society. It's not because unions are always in the right or that the positions they espouse are always the best They aren't. But then neither are the positions or policies of large corporations, or churches, or … Continue reading Why Collective Bargaining Is Necessary
So we've already established that Wisconsin Gov. Scott Walker is not trying to balance the budget or otherwise "fix" a deficit (see yesterday's post). In fact, the bill itself is going to result in more funding problems, not less. Menzie Chinn shows us: Another interesting implication for Wisconsin is that the transit systems would lose … Continue reading More On Wisconsin
A fascinating interview with Professor Frans de Waal, a Dutch primatologist and ethologist and author of the book, Age of Empathy. de Waal makes a strong research-based case that cooperation, altruism, and a sense of fairness are much more powerful and common in driving our moral judgements than mere self-interest. This apparently holds true in … Continue reading Foundations of Micro Cracking: Altruism as Instinct?