Too big to fail, the failure of “free markets”

Over the past year, we’ve seen a string of banks declared as “too big to fail.” As a result they got hundreds of billions of dollars in essentially no-strings attached bailouts. In return we’ve seen them payout $20 billion in bonuses to executives that helped lead these banks to the verge of collapse. Why [...]

It’s the Fuggly!

By now you may have seen the commercials for the Snuggie which looks like some old monk’s robe but is actually a blanket with sleeves. Yes it’s a dopey premise, but it makes prime fodder for the talented team that creates “This Hour has 22 Minutes”.

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So Ireland should be our model?

During the debates in the waning days of the last presidential campaign John McCain repeatedly cited Ireland as the example that we should be following for our economic policies, particularly when it comes to business taxes. McCain described the low tax rates that stimulated the Irish economy to huge growth over the last 15-20 [...]

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