In recent weeks, citizens in many countries have been learning more about one of the biggest and most dangerous scams in the world: the global web of tax havens that U.S. and European politicians and bankers have nurtured over the years. The situation is absurd, dangerous and out of control.
When the Columbia University professor Jeffrey Sachs unloaded at a Philadelphia Fed conference in April, telling attendees that most of the daily business of Wall Street is “prima facie criminal behavior,” he set off a small storm, but not exactly in the way one might thin
I recently published a Washington Post op-ed called "Deficits do Matter" that was co-authored with talk-show host, commentator and former Congressman Joe Scarborough. The piece argues that high and rising levels of public debt are a real concern. It also makes the case that the stimulus packages that began in 2009 --which have consisted mainly of temporary tax cuts and transfer payments -- have significantly raised the public debt while doing very little to solve the nation's long-term employment and growth problems.