In an extraordinary conversation at the U of M last week (somehow completely missed by the Minnesota news media) renowned economist Hernando de Soto delivered a fascinating and disturbing theory about the root cause of the continuing global economic crisis.When the crisis exploded in the closing months of the Bush administration, de Soto said, he was stunned to hear the very top American financial regulators admit that they simply did not and cou... Read More
I was privleged over the weekend to witness a high-quality, high-road debate over the sweeping federal financial reform initiative in Congress, featuring none other than its most powerful and informed congressional advocate and some of the smartest business leaders, bankers and economists in Minnesota.And it's kind of a shame that most news consumers in Minnesota apparently won't ever know about it. Congressman... Read More
The Tea Party movement fancies itself a populist uprising. The basic theme is that working stiffs and ALL Americans are overtaxed and that ordinary Americans can't possiby pay another penny without becoming slaves to a socialist government. Sarah Palin herself articulated the message for the umpteenth time at a rally in Boston on April 15, clearly implying that taxes were a big burden on all ... Read More
We can't compete with Jason Lewis when it comes to pushing hot buttons and provoking ideological flamers, left and right. Our Feb. 21 front-page Sunday Star Tribune Op-Ex commentary, making a reasoned, pro-business case for raising taxes, to address our historic budget crisis and to continue investing in human capital and infrastructure, elicited 36 comments. Mayb... Read More
Eminent historian Alan Brinkley (Columbia University professor, an authority on 1930s populist movements of the left and the right and the New Deal, also son of legendary TV anchor David Brinkley) was in town this week and offered some timely wisdom at the Humphrey Institute about the conservative populist uprising.Brinkley is himself a progressive and a voice for "pragmatic liberalism.'' Although an admirer of Pre... Read More
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