As an anti-drug slogan, “just say no” was pretty lame in that it totally ignored the difficult psychology of why people, especially teenagers, do drugs and what it takes to counteract those influences.  But as an explanation of why President Obama and the Democratic Party seem poised to suffer a loss of their majority in […]

Congress recently passed a bill that includes the establishment of a Bureau of Consumer Financial Protection, designed to prevent the kinds of consumer debt so many consumers took on during the recent housing bubble, with mortgages they had no hope of paying for without continuously increasing borrowing, ostensibly made possible by the theoretically ever-increasing value […]