Steve Hochstadt: Imaginary patriotism of right-wing extremists has been translated into a surge in demand for assault weapons, not for hunting or for protection against criminals, but to make war against our government.
Robert Reich: So the race to the bottom is now official. Wall Street will set up its casino wherever financial gambling is least regulated.
Robert Reich: The Fed’s decision Tuesday to keep short-term interest rates near zero is no surprise. What’s odd is its apparent decision not to boost the economy by buying hundreds of billions of bonds — despite its acknowledgment that ”the pace of recovery in output and employment has slowed in recent months,” and that prices are rising too slowly for comfort (i.e., we might be facing deflation).