The US government is executing a coup d’etat of capitalism and I fear that we will pay the price for many years to come. Hank Paulson, Ben Bernanke and a host of others tell us the credit market is not working and the only way to get it working again is for the government to [...]

Note: This update is longer than usual. I feel it is important for everyone to understand how the problems facing our economy developed and what steps are being taken to correct them. The details of the latest government rescue effort are not completely available yet, so it is hard to predict the outcome, but it [...]

Americans face the most important choice of a generation. Our economy is not performing as we would like. Inflation is too high yet home prices are falling. The credit markets are frozen as banks retrench from losses generated by past, ill advised loans. Income and wealth inequality have risen. Real wages are essentially stagnant. The [...]