Category Archives: Economy

recession, economic recovery, economy, Glass Steagall, Financial Modernization Act, Gramm Leach Bliley, depression, derivatives, CDO, credit default swap

Football Analogy

Originally posted at Writeindependent.org on April 12, 2012 Capitalism is good. Capitalism is great. But capitalism without democracy is doomed to failure, because the ultimate of capitalism is monopoly. Once you hit the jackpot and have all the money and … Continue reading

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Obama Should Be Ashamed

Originally posted at Writeindependent.org on April 11, 2012 Obama should be ashamed of himself. He’s completely out of touch with the people of this great nation. He thinks that spending one billion dollars on his campaign is perfectly normal. Instead, … Continue reading

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Buried Heads

Originally posted at Writeindependent.org on March 29, 2012 “Thoughtless is the man who buries his ideals, surrendering to the common fate.” –Unknown When I speak to young people of the coming wind-solar-hydrogen age, they are very excited and know that … Continue reading

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Gambling With Your Money

Originally posted at Writeindependent.org on March 16, 2012 It’s quite easy to lambaste a financial institution like Goldman Sachs, as Greg Smith did in his screed published in the New York Times on March 14th.  What is much harder is … Continue reading

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Sweeter Than Sugar

Originally posted at Writeindependent.org on February 11, 2012 I started using Stevia to sweeten my tea before most people even knew about the herb. I was enamored of the fact that stevia, in extract form, is almost 300 times sweeter … Continue reading

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Alan Greenspan Was Wrong

Originally posted at Writeindependent.org on February 10, 2012 People make mistakes. They sometimes admit it, as Alan Greenspan did when he figured out that when you deregulate the banking industry, the markets don’t just fall neatly into place accordingly. What … Continue reading

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Death Taxes

Originally posted at Writeindependent.org on January 31, 2012 Inheritance and estate taxes Figures on inheritance tell much the same story. According to a study published by the Federal Reserve Bank of Cleveland, only 1.6% of Americans receive $100,000 or more … Continue reading

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Should Corporations Be Taxed Less?

Originally posted at Writeindependent.org on January 30, 2012 Not surprisingly, Wall Street and the top of corporate America are doing extremely well as of June 2011. For example, in Q1 of 2011, America’s top corporations reported 31% profit growth and … Continue reading

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Quantitative Easing

Originally posted at Writeindependent.org on January 29, 2012 Someone told me the other day that they were “in the top 1%”… which begged the question: How much do you have to make per year to qualify to be in the … Continue reading

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As If NAFTA Weren’t Bad Enough

Originally posted at Writeindependent.org on January 27, 2012 The verdict is in: NAFTA (North American Free Trade Agreement) of 1993 has been a complete and utter failure to provide what it promised. Many of the world’s largest corporations claimed it … Continue reading

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