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Several years after receiving my M.A. in social science (interdisciplinary studies) I was an instructor at S.F. State University for a year, but then went back to designing automated machinery, and then tech writing, in Silicon Valley. I've always been more interested in political economics and what's going on behind the scenes in politics, than in mechanical engineering, and because of that I've rarely worked more than 8 months a year, devoting much of the rest of the year to reading and writing about that which interests me most.
Wednesday, February 3, 2010 What Ever Happened to Regulatory Reform? Joseph Stiglitz answers.
Too-big-to-fail banks are exactly that: too big, which means they should be broken up! The government should regulate derivatives and greatly discourage mortgage securitization. Also, Americans need to get over the idea that higher taxes on the rich and more gov't regulation of the economy are a recipe for disaster. Consider Sweden -- it has a thriving economy but still provides its citizens with extensive social services.
