Category Archives: Economics

When LaPierre says gun owners will not accept responsibility, he’s got it wrong.

Actually what National Rifle As­sociation CEO Wayne LaPierre said was, “Gun owners will not accept blame for acts of criminals.” It may seem like I’m parsing words here but the only difference between the two words is that “blame” implies we have no control over the situation and that simply isn’t true. And either way, he’s got it wrong, because the gun owners I know want to take responsibility and they only need a little help from lawmakers who just don’t seem to get it. Continue reading

The Deposit Advance Loan — How Wells Fargo and the FDIC both got it wrong

cakeYou might well imagine that when I proposed to my colleagues in the banking industry that 100% of the fees collected for deposit advance loans should be given back to the customers as dedicated long term savings funds, it was met with skepticism.  But I’m not so easily deterred.  I will admit it is a bizarre notion Continue reading

Bernie Sanders has earned the support of this long-time Republican

Bernie Sanders has earned the support of this long-time (50 year) Republican, by simply taking on the biggest issue facing the American people and the biggest threat to the American economy, income disparity. Raising the minimum wage is probably the only “quick fix” available to us now. In the long run I believe minimum wage has done more harm than good to the American worker and in fact it has created the need for a quick fix. Continue reading

Is “Minimum Wage” an outdated concept?

Low wages are a problem for all of us, rich or poor and by now most everyone recognizes this.  But we are never going to solve this problem by framing it as just a liberal problem. Continue reading

LaPierre says, “Gun owners will not accept responsibility?”

 There’s been a lot of discussion about mental illness as a common thread in recent shootings.  But we can’t focus just on this.  We’ve always had mental illness and we’ve had guns for a long time.  Cultural factors and changing attitudes have made this a more dangerous combination.  It’s unlikely that we will eliminate either one, so we need to figure out how to keep them apart.  Neither the government nor the family has been up to the task. Continue reading