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Don’t Democrats Believe in Democracy?

The Wall Street Journal If I had my way there would be laws restricting cigarettes and handguns. But Congress won’t even pass halfway measures. Cigarette companies have admitted they produce death sticks, yet Congress won’t lift a finger to stub them out. Teenage boys continue to shoot up high schools, yet Congress won’t pass stricter […]

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A Shareholder, and a Citizen

The New York Times Soon, possibly tonight, a federal judge will rule on the Justice Department’s antitrust case against Microsoft. But whatever the decision, it’s only the first round in this and related litigation. That’s why I’ve been spending my money lobbying Congress to cut the budget of the Justice Department’s antitrust division. I’ve also […]

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No Easy Answers To Easy Credit Fallout

USA Today This week I got three letters from credit companies, all wanting me to sign up. One of them congratulated me on having been “selected” for a credit line of up to $5,000. Another commended me for being one of its most “valued” patrons and offered me a “low introductory” interest rate plus a […]

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Microsoft Case – The Transformation Of Government From Regulator Of TheOld Economy To Definer Of The New

The Washington Post At first glance, the Microsoft breakup order last week looks like a throwback to an earlier era. At a time when big telecommunications, finance, entertainment and other new-economy industries are consolidating into a handful of post-industrial global giants–and when government is deregulating and privatizing almost everything in sight–here’s Washington imposing the heaviest […]

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The Coming Bush Recession

P resident of the United States Economy Alan Greenspan is frustrated. George W., the mere president-elect, won’t deal. Worse, Greenspan can’t punish W. for not dealing. He can’t even credibly threaten punishment, because punishment is just what W. wants. Don’t throw me into that briar patch, Br’er Greenspan! The last two presidents have been willing […]

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Gen. Greenspan’s Timid March

We’re not in a war economy yet. We’re in an economy that’s just plainsinking. What to do? Federal Reserve Chairman Alan Greenspan has told Congress to”wait and see” what happens before enacting a stimulus package lest it createinflationary fantasies among traders of long-term bonds. In an extraordinary showof newly bipartisan gutlessness, our representatives in Washington […]

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The New Power

It seemed appropriate to begin my series of modest screeds with a short pre- snake person analysis of where power is moving to in America. Here’s who’s losing it: Giant corporations and their CEOs. They’ve made money in the current expansion, but they’re losing clout. Vast industrial- age bureaucracies can’t move fast enough. All are […]

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