Policymakers now face a series of decisions that will determine not merely the fate of this particular cycle but the nature of the federal government's role in the economy for the next generation. In a political system as balkanized as ours, it is only in moments of genuine danger that meaningful reforms get enacted. Full Story »
Posted by Derek Hawkins
A good story about the most important economic issue, regulating all forms of financial establishments. Lack of regulation is a major cause of the financial troubles.
Regulation and government intervention in 'markets' is cyclical; the anti regulatory cycle we've been in has created its own debacle, so we need to go back in the other direction. However, the writer really doesn't go into specifics of how all this will be financed, given that the country is already over its head in debt. Well, maybe China will help?
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