Unintended consequences

Throughout history, we’ve witnessed the ascension of fringe political parties into power when their economies were in prolonged downturn and their citizens were unhappy. The Bolsheviks ousting the unpopular Czar and the Nazis taking over… Continued

Corruption in the House

A few days ago, something really crazy happened in the House of Representatives, and you probably haven’t heard a word about it. To understand the depths of this crazy, however, we have to take a… Continued

Is capitalism a crime?

Recently I ran across an article in The New York Times on business ethics. Business and ethics? Isn’t that an oxymoron? The author, Jesse Eisinger, suggested that banks and investors will routinely “forgive rotten ethics… Continued