Tag Archives: Republican

dante Ruffalo alicia moritz March 19

WHAT ALAN GREENSPAN AND LIBOR HAVE IN COMMON

My all time favorite quote from former Fed Chairman Alan Greenspan is ‘I underestimated the extent to which market participants would behave irrationally.’ Said to Congress by the 88-year-old in a grave tone one would think it to be an honest admission. That however, is hardly the case.  Let me explain what a ‘market participant’ […]

Dante Ruffalo Alicia Moritz February 28

FACTORY WORKERS DON’T REJECT UNIONS

Autoworkers at a Volkswagen car manufacturing plant in Chattanooga, Tennessee rejected an offer to join the United Autoworkers Union.  The UAW is known to negotiate higher wages, better benefits and stronger pension plans for factory workers at autoplants.  The other notable feature of the UAW is turning states Blue.  Since Democrats support unions and Republicans […]

Dante Ruffalo Alicia Moritz debt ceiling February 27

WHAT THE DEBT CEILING IS NOT

The debt ceiling DOES NOT CONTROL SPENDING. I put this in caps, not to be impolite, but to correct an egregious mistake the media has allowed certain politicians to propagate. The debt ceiling is an arbitrary limit on the issuance of debt by the Treasury.  When politicians say they won’t raise the debt ceiling because […]

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