EXCLUSIVE: Elizabeth Warren on Barack Obama: “They protected Wall Street. Not families who were losing their homes. Not people who lost their jobs. And it happened over and over and over”
“There has not been nearly enough change,” she tells Salon, taking on Obama failures, lobbyists, tuition. So 2016?
“The way to make a train go fast is to keep it from going slow.” July 29th, 2014 at 2:59 pm
That bit of Zen was told to me by one of the nation’s foremost rail experts back when I worked on that issue. He was explaining that part of developing a high-speed rail system entails straightening out existing curves in the track. But to me, it’s become a metaphor for the importance of financial market oversight.
One unhappy lesson we’ve learned in recent years is that economics is a far more political subject than we liked to imagine. Well, duh, you may say. But, before the financial crisis, many economists — even, to some extent, yours truly — believed that there was a fairly broad professional consensus on some important issues.
