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The U.S. system, built into the Constitution (making this a very big change indeed), is just a total mess, according to Fukuyama, and has been more or less, he implies, since the founding. Continue reading
What is an intermediary? He is the man (or woman) working the middle. He is neither this nor that; he's the go-between, the arranger, the fixer, the old goat carrying love notes between doomed lovers. He whispers in ears; he... Continue reading
The pundits continue to chew over the issue of technocrats versus politicians, mostly over continuing European woes, which represent a sort of blow to the idea that economics is the ultimate determinant for politics. Continue reading
If Zuccotti Park began to resemble a sleep-away camp, today's Day of Action, at least on Wall Street, resembled a massive game of whack-a-mole with the cops. Fun, but not serious. Continue reading
It does no good to treat the Zeitgeist like a punching bag. It's a living thing, and the punch that matters often comes from nowhere. Continue reading
'End the Fed' may just be a silly sign among the many at Zuccotti Park. Or it may suggest ideological commonalities that we should pay greater attention to. Continue reading
A polemic lashing out at Occupy Wall Street landed like a ninja warrior in my e-mail recently. The very first sentence, "We are Wall Street," hummingly echoes OWS's "We are the 99%." The anonymous author clearly has channeled the Rick... Continue reading
The rule at the end of the day should be: He who has the power also has the accountability, whether there's a Svengali lurking around or not. Continue reading
Writing about someone like Keynes who personally wrote so much, so well, must be a daunting task. Roger Backhouse and Bradley Bateman more than keep up, not by competing with Keynes, but by letting him speak, in all his many voices. Continue reading
If you believe in a multicausal set of affairs, you then have to establish a hierarchy: What's primary, what's secondary, what's tertiary, what meaningless? In that ordering of cause, sane and reasonable people may disagree and ambiguity may rule. Continue reading
