Crises are always foreseeable with the benefit of hindsight. Here, I explored the next looming financial crisis in California: a system where cities are losing money just by continuing to exist, and one that could cause serious pain for millions of Californians if not addressed.
Most Americans now understand that we are not just electing a President. We’re also choosing Supreme Court justices, who will head the EPA and FCC, et cetera. We would be wise to remember that we are also choosing (indirectly of course) the next head of the Federal Reserve. My op-ed in The Hill can be[read more]
American wealth disparity now exceeds the vast chasm of the Gilded Age, immediately before the Great Depression. Income inequality in the U.S. is so extensive that our own CIA compares us to such kleptocracies as Cameroon and Russia. Why is this? Few want to live in a society of extreme “haves” and “have nots.” That’s[read more]