ReaganSauce

written by John Phelan

When economic crises hit people eventually turn to ask two questions; 1) How did it happen? 2) How do we stop it happening again? The current crisis has been no exception.

The popular reason put forward is “greed”, usually bankers lending to people unlikely to pa...

written by Jason Antonic

According to the Federal Reserve[1],

"Consumer credit decreased at an annual rate of 5-3/4 percent in August 2009.  Revolving credit decreased at an annual rate of 13 percent, and non-revolving credit decreased at an annual rate of 1-1/2 percent"

Total Consumer Revolving Credit Debt in this c...

written by John Phelan

As the world economy gasps for breath there is a struggle to form a narrative for the momentous events of the last two years.

On the one hand we have the likes of Richard Posner who, in his new book ‘A Failure of Capitalism’, treads the familiar ground of blaming greedy bankersand other such out dated clich...

written by Katherine Kuhn

Dear President Obama,

"Paying for what you spend is basic common sense. Perhaps that's why, here in Washington, it has been so elusive," you said on Tuesday.

Common sense. The fact that you are speaking about common sense is the pot calling the kettle black.

I, echoing many people's sentiments, am gl...

written by Katherine Kuhn

Dear President Obama,

How glorious it is to be cracking down on multi-national corporations using loop holes in the law! What a fantastic idea! Better get those big bad business owners who are taking "advantage" of the tax loop hole!

You're so smart.

I apologize, did that com...