The Wall Street Journal assembled a panel of the worst offenders of the financial meltdown. A reasonable person might expect some contrition...

by the Sandwichman "Hegel remarked somewhere that all great world-historic facts and personages appear, so to speak, twice. He forgot t...

The price of labor (wages), like that of everything else subject to the conditions of exchange, constantly tends toward the cost of its prod...

As if the bailout were not were not bad enough, the Wall Street Journal reports that the Treasury Department is, in effect, rewriting the ta...

While no proposition for industrial reform can produce any real improvement in the laborer's condition which does not promote the advanc...

by the Sandwichman Joe, the [unlicensed] plumber, meet Andrew, the [former] hedge fund manager. Throw the Blackberry away and enjoy life. So...

Me personally, my American Dream was to have a house, a dog, a couple rifles, a bass boat. I believe in living life easy and simple. I don’t...

Wal-Mart offers a valuable window into the current economic crisis. Before addressing the current crisis, let's put Wal-Mart in perspect...

Keynes defined 'saving' as being equal to 'investment'. However he did not distinguish in his formula between the savings t...

Today on his blog Paul Krugman put up his own description of the work for which he received the Nobel Prize in economics. I sent him a comm...

Josh Marshall suggests that Joe the Plumber (real name – Joe Wurzelbacher) may be a rightwing Republican and not the average Joe some want ...

Joe the plumber hates social security.

Coincidence? That when banks adopted 'managed liabilities', using the huge pool of Eurodollars and soon afterward the petrodollars,...

Nixon: "I am not a crook."

The roster of fiction dealing with the innards of the financial system during a time of crisis is slim, but it includes Stead’s House of All...