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Republican Nightmare: Putting Elizabeth Warren to Work Now

By Simon Johnson President Obama is finally looking for bold, creative, and clever ways to change the way the US economy operates – preferably with measures that will take effect by the November...

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Symbols and Substance

By James Kwak Arnold Kling wins the prize for the most erudite post of the past week, a review of The Symbolic Uses of Politics, by Murray Edelman. Kling cites not only Sigmund Freud and J.D. Salinger,...

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Disinformation About The Consumer Financial Protection Bureau

By Simon Johnson In Washington, before lobbyists try hard to destroy something, they first spread a great deal of disinformation about it.  Thus the “End Users’ Coalition” (a front for the derivatives...

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Who’s Afraid Of Elizabeth Warren?

By Simon Johnson The next big political battle in Washington – after the budget debate is declared “over” – will likely feature the Consumer Financial Protection Bureau, in particular the fight to...

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Economism and Arbitration Clauses

By James Kwak As banking scandals go, Wells Fargo opening millions of new accounts for existing customers so that it could pump up its cross-selling metrics for investors is about as clear-cut as it...

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