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Understanding Adam Smith and John Maynard Keynes »

Sooner or later, we have to talk about the economy and there are perhaps no greater influences on thinking in Washington today than Adam Smith's "invisible hand" and Keynes' "animal spirits." Let me outline for you the difference between the two: Adam Smith: Smith believed that the result of lots and lots of people acting in their best

How Do You Feel About the Madoff Victims? »

In this Saturday's New York Times, writer Joe Nocera (Pulitzer prize finalist) writes about standing in line on Thursday, March 12 to see Bernie Madoff plead guilty... speaking with victims of Madoff's chicanery. In Nocera's unscientific survey of victims, he found that many of them want "justice" - in the form of government assistance (e.g. tax