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economy

Recently Noted – the future of bitcoin and blockchain technologies – UPDATED

The Future of Bitcoin and Blockchain Technologies UPDATE 1/22/2018 While watching a football game over the weekend this ad from IBM was shown several times. At the very end you hear the word “blockchain”. IBM is in the blockchain business? A visit to the IBM website reveals that they are --->> read more -->>
economy

Inside Goldman Sachs with the Federal Reserve

The relationship between our financial services industry, our government, and us, ordinary citizens who have repeatedly suffered the consequences of the avarice and incompetence of this industry, has always been troubled. Booms, busts, crashes, bubbles, depressions, inflation. Since the beginning of the 2008 Great Recession we have hoped that the --->> read more -->>
No Picture
free-market ideology

Free Markets – free? markets? – lessons not learned

“Free market” has always struck me as a rather strange phrase. Never more so than in this period of financial market disasters. The phrase ‘free market’ continues to be used reflexively. Just as commentators go right on speaking of Wall St. as a source of capital and innovation, few want to ask --->> read more -->>
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economy

Controlling Gambling by Wall St. and the Big Banks – Bad for Business?

Anti-Wall St Does Not Mean Anti-Business President Obama’s proposals to break up the “too large to fail” mega banks and otherwise reapply the Glass Steagall Act to the financial sector has predictably brought loud complaints that this is populist and anti-business. Even the rhetoric of the reporters and expert talking --->> read more -->>