What Is the Far Right’s Endgame? A Society That Suppresses the Majority
Nancy MacLean, author of an intellectual biography of James McGill Buchanan, explains how this little-known libertarian’s work is influencing modern-day politics.
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Crime and No Punishment
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First Known Bank Malfeasance of the Week: With the $25 billion attorneys general settlement, banks are supposed to reduce the principal and interest on thousands of mortgages that are in trouble. When they do this, they get credit towards their portion of the settlement obligation. Leave it to the banks, however, to find a way […]
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David Stockman on the corruption of capitalism and the GOP
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I’m reading David Stockman’s book The Great Deformation — the Corruption of Capitalism in America. Stockman was Reagan’s Director of the Office of Management and Budget. He criticizes the GOP for its militarism and its whoring for the rich. He says there was no need to bail out Wall Street. The speculators who would have […]