Senator Rafael Cruz, the Texas Republican freshman, has gained much notoriety in his first ten months in office. His intemperate attacks on the Administration and its policies reached a peak last month when he spoke for nearly twenty-one hours on the… more »

  Remember that kid when you were growing up, the one who wasn’t very skilled at some game or sport? Remember that he’d invariably tell his playmates that he” didn’t really like to play that game, anyway”? It seems that a group of these kids have grown… more »

  In a New York Times op-ed piece last weekend, Anat R. Admati, a professor of finance and economics at the Stanford Graduate School of Business, added his voice to the chorus of those warning about the continuing systemic threat to the economy from the… more »

  In his blog post yesterday, Paul Krugman made the point that Janet Yellin was one of the few economists who correctly saw the peril of last decade’s housing bubble before it burst. Krugman thesis is that where Yellin fell short was in thinking the da… more »

  You know that feeling of relief you get when an obnoxious house guest finally leaves? I’m thinking that the segment of the US population who actually cares about these matters is feeling the same way now that Congress is off on a five-week vacation.… more »

  “I know it’s crooked, but it’s the only game in town,” is a statement generally attributed to 19th Century gambler “Canada Bill” Jones. It seems that it may have present-day relevancy as an apt description of banking in this country. In light of ever… more »