American Madness

Intelligent Criticism in the Service of a Better Nation

The Santa Claus Economy

I could scarcely be more disgusted with the way the Obama administration is dealing with the largest economic crisis since the Great Depression.
Let us look at the facts soberly and simply:
1) A lot of people and organizations bet a lot of money on overvalued or extremely risky assets.
2) We do not make and export very [...]

The “Best Men” for the job

There’s been quite a lot written about executive compensation now that Obama has made it clear the banks accepting government money will only be allowed to pay $500k in cash to their chiefs (it’s a bit more complicated than that, but whatever).
The push back is that companies can’t get the best people for those prices. [...]

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