Bank Secrecy Act spoils Christmas for merchants who prefer cash
Sometimes something that starts out with good intention can turn bad. This seems to be what has happened with the Bank Secrecy Act of 1970.
Op/ed: Lessons from Japan’s struggle to recover from a post-bubble bout of deflation
At its core, Abe’s decision to postpone the consumption-tax increase reflects the chaos that prolonged weak economic momentum inflicts on countries wishing to pursue more than one objective — in this case, raising living standards, curtailing the growth in government debt and breaking the private sector’s deflationary mindset.
Op/ed: What’s ‘right’ and what’s ‘left’ in national political scene
Bloomberg View’s Cass Sunstein reports on research showing that “partyism” is now an even deeper social division in American society than racism. Political commentator Jonathan Chait thinks that’s just fine: He wouldn’t want his child to marry a Republican.
Op/ed: It’s time to throw the book at currency bid riggers
Fining institutions makes great headlines, but those billion-dollar penalties punish shareholders, not the wrongdoers, and won’t change the culture of banking.
Op/ed: The net-net of neutrality debate is that innovation may be a loser
One of the most comical features of the net-neutrality debate is that both sides say the other is trying to stifle innovation. Both are probably wrong.
Op/ed: Both parties need to figure how to get something done
Realistically, the best that either party, or the American public, can hope for is small ball.
Op/ed: Democrats hope for electoral comeback in 2016
Some Democrats who lost their race could try again in 2016. For today, however, it’s a safe bet that anyone who has just completed an exhausting and losing campaign isn’t thinking about two years from now.
