by Henry Oliner | Feb 23, 2014 | Economics, Politics
“This was all the more regrettable because, in a crony capitalist system, the huge gains of the few really do come at the expense of the many. There was an irony here. Perhaps Marx had been right all along! It was just that he was describing a crony capitalist, not a...
by Henry Oliner | Feb 6, 2014 | Economics, Politics
“The chief argument voiced by Republicans in favor of keeping the full Bush tax cuts, including those in upper tax brackets, was that raising taxes on the “rich” would actually raise taxes on small businesses. This was correct. Most small businesses are not...
by Henry Oliner | Jan 22, 2014 | Politics
“The alliances and relationships formed between public officials and private interests may at first seem counter-intuitive. A company may give more campaign money to a potentially hostile legislator than to a friendly one, in order to forestall trouble. For example,...
by Henry Oliner | Jan 15, 2014 | Politics
“Sometimes it is not even necessary for the revolving door to revolve in order for someone to make money. After Barack Obama was elected to the Senate in 2004, his wife’s salary at the University of Chicago Medical Center jumped from $121,910 to $316,962, according to...
