Tag: federal government

Book Review: Stress Test

stress testTimothy Geithner was President of the Federal Reserve Bank of New York from 2003 to 2009 and U.S. Secretary of the Treasury under from 2009 to 2013. Many people would have loved to be a fly on the wall in some of the meetings that Geithner was in during the financial crisis, the Great Recession, and the recovery. Geithner provides some insights, but he is also overly concerned with addressing his critics, especially those he calls “moral hazard fundamentalists.”

He makes some good analogies, although he repeats the same ones again and again, and I don’t think he addresses the fundamental problems that his critics are trying to get to. Sure, TARP assuaged the market by injecting capital into the struggling financial sector, and the taxpayers made a profit off the program in the end. Perhaps moral hazard arguments in reference to TARP are overblown. However, does this really settle the argument about whether or not the government should be bailing out companies? Should calming a volatile market really be the role of the federal government? Continue reading “Book Review: Stress Test”

Advertisements

3 Reality Checks the U.S. Needs to Face Before We Reform Health Care

I am not a Democrat, I am not a Republican, and I am not a fan of the political games that the leadership of each party play with our government. I am a independent thinker, and I prefer a rational, quantitative approach to looking at issues and devising solutions to them that are practical, empathy-based, ethical, and constitutional. Politicians at the federal level have shown time and time again that their allegiance is not to the Constitution, to common sense, or to the general welfare of the American people. They serve the minority interests who get them elected and usually re-elected: the establishment leadership of their respective political parties and the campaign donors and special interests who back them. The American Health Care Act (AHCA) is a perfect example of this process in action. Continue reading “3 Reality Checks the U.S. Needs to Face Before We Reform Health Care”