Now Greenspan Tells Us!

Whoops! My bad. Sorry. In effect, this is what former Fed chair Alan Greenspan is telling members of the House Committee of Government Oversight and Reform today by admitting he was wrong about unfettered free markets regulating themselves.

The New Deal, and the Era of Angry Populism

The Senate voted Wednesday night; the House is scheduled to vote today. Will the deal fly? Probably. Wall Street’s gyrations since Monday have scared the hell out of a number of holdouts, notwithstanding all the negative emails and phone calls they continue to receive from constituents.

Death of Buick City

Kumar 1950s Buicks

I traveled to Lapeer in Michigan recently to visit an old, dear friend. Lapeer happens to be near the motor city of Flint. I was given a tour of Flint by his wife Sue. Flint was getting ready to have a “celebration” of GM’s 100th anniversary (if you can call it a celebration). I was [...]

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