Entries tagged "Franklin Roosevelt"

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Reconsidering the ghost of Glass-Steagall

Despite the blather, Glass-Steagall's origins are not as clear as you would think; its record is more ambiguous than the myth claims, and its lessons are more complex. Continue reading

Posted on August 24, 2012 4:27 PM

Britain 1931: An austerity episode in deflationary times

Much is made of Franklin Roosevelt's decision in the late '30s to try to balance the budget, thus inadvertently launching a second depression in 1938. But an even more revealing sequence of events occurred in Great Britain earlier in the '30s. Continue reading

Posted on July 18, 2012 1:11 PM

Bloomberg Businessweek on Obama, economic steward

Ah, but it's the silly season. Presidents generally can't win when the political pundits go looking for an economic angle. If the economy is good, it's the cycle. If it's bad, it's their fault. Continue reading

Posted on March 26, 2012 12:13 PM

Why Leon Cooperman is so upset

What is Cooperman's beef? He feels insulted that the president has suggested that the wealthy are somehow 'bad,' and that they pay no taxes, which is an exaggeration, but hell, I lack the sensitivity of the rich. Continue reading

Posted on December 6, 2011 1:04 PM

Europe, America and the leadership question

A deficit of leadership has become an all-purpose complaint in this troubled season of crisis and contention, similar in its haziness to recurrent demands for apologies. What does it mean? Continue reading

Posted on December 5, 2011 12:20 PM

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