Against Crony Capitalism

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  This will probably get much worse. (From Yahoo Finance) Every sector except utilities is under stress, with distressed ratios...
  Right now there is an unholy coalition of lobbyists and activist economists in Washington. (From Axios) The bill’s price...
  (From The Wall Street Journal) Treasury Secretary Steven Mnuchin indicated that the U.S. government would take stakes in airline...
  (From CNBC) The coronavirus crisis has brought another first to U.S. financial markets — negative yields on government debt....
  (From CNBC) Those payments are expected to be $1,200 for individuals, or $2,400 for those who are married and...
  Translation – You’re a little guy with no political clout and we will break you (more) if you don’t...
  It’s not like now is a time when we should be encouraging this kind of innovation or anything. (From...
There are rules for the connected and then there are rules for the rest of us. (From Real Clear Investigations)...
  (From Zerohedge) “A massive drafting error in the current version of the coronavirus relief legislation could have devastating consequences:...
  Hardly. Shutting down the economy is a big problem. (From Reason) Anyone who was looking for some assurance that...
  We doubt there’s much to this story, but it has been floating around the interwebs over the past couple...
Mexico City. “No more bailouts in the style of the neoliberal period, which were given to banks, to large companies....