It is a very bad idea for governments to create arbitrary and unfair outcomes, or outcomes resulting from the passions and whims of the government rather than from the law, just because they have the power to do so.
In the workplace, employees should be judged on their merit and hard work and not on aspects that are irrelevant to their performance.
What you have in legacy countries is long-term insolvency.
Obviously, the institution of marriage in America has utterly collapsed.
'Inequality' has become the political theme/slogan of our time in both Europe and the U.S., yet political leaders do not even bother to consider that their own policies, which put the entire burden on central bankers to print money and drive up stock, bond and other asset prices, are actually exacerbating income and wealth disparity.
In government, the forces of risk-aversion and constant conflict serve to stultify and narrow the range of ideas up for debate.
Securing for gays and lesbians the basic right to have their relationships and families recognized as part of a community makes all of our communities stronger.
Check out London, Manhattan, Aspen and East Hampton real estate prices, as well as high-end art prices, to see what the leading edge of hyperinflation could look like.
Resentment is not morally superior to earning money.
Given the typical fee structures of hedge funds, they need to do something different to make money in a consistent way.
The building block of every community is family.
A great deal of stupidity has chipped away at the massive advantages of Western civilization, which could terminally decline if it remains on the current path. But these problems can be solved - and swiftly - if the right leaders emerge.
What would a loss of confidence in the dollar actually look like? Gold going absolutely nuts.
Imagine how much capital a country like Argentina might attract - if instead of defaulting seriatim and affecting a pose of anger toward creditors, it borrowed responsibly and honored its obligations.
What I think about derivatives is if every institution that owns or trades them is properly margined and marked to market, including end-users, including every institution, including sovereigns and multilateral institutions, then the system would be safe - if people were margined the way customers of investment banks are margined.
If you want an alternative currency, check out gold. It has stood the test of thousands of years as a store of value and medium of exchange.
While many of Mr. Obama's ideas warrant skepticism, conservative opposition to any expanded role for government is a mistake.
Today, even small entities that trade complex instruments or are granted sufficient leverage can threaten the global financial system.
It's true that monetary policy was too lax for too long, and the government encouraged lending to people who were unlikely to repay their loans.
Creating a regulatory system that reflects the modern-day realities of financial markets is not as difficult as it may appear.
