I don’t want a fighter in the Oval Office, I want a thinker.
Problems with punishment will persist, but they will be more tractable when government’s always-feeble efforts can be concentrated where they matter most: the protection of human lives, limbs, and property.
Apparently nobody, not even the Gray Lady, rigorously fact checks anymore. Or is it that only books reviewed in a few elite outlets count and none happen to critique finance from the non-left? Heck, I can almost hear the editors ask themselves: Only people on the left write the right kind of books, right?
My posterity, my son, does not feel blessed by the laws of New Jersey that prevent him from exercising his liberty by finding employment of mutual benefit to himself and his employer.
Financial regulators appear to fear the creation of a few, small experimental entrants more than they fear the failure of the nation’s many, uber-risky megabanks.
What African-Americans, poor whites, and Native Americans want, and what they need, is what Adam Smith called “a tolerable administration of justice.”
Feldstein taught his students and readers to think about economic policy decisions in rigorous ways, backed by hard numbers.
The question is not if, but when and how reforms will come.
If members of some group feel excluded from the financial sector, regulators should allow them to form their own financial institutions and give it a go in the marketplace.
Financial Exclusion is my nineteenth book and the vetting, editing, and publishing processes with AIER far surpassed those of the commercial and university presses I have published with previously.