Media

The co-chair of the Moreland Commission set up to investigate campaign finance issues in New York, William Fitzpatrick, is a Republican, fiscal conservative, and a recent convert to public financing. Fitzpatrick stated, “If the money's not there, I'm inclined not to spend it.

The establishment consensus is accurately summarized by Martin Feldstein, “Preventing an explosion of the national debt requires slowing the growth of the benefits of middle-class retirees.” But the truth is that the middle class and poor need more help than ever.

There aren't a lot of causes that can fire up Americans across the political spectrum, but getting money out of politics is definitely one of them. That's the finding of a recent poll-based memo by the DemocracyCorps. 

A majority of Americans see Washington as corrupt, the memo reports, and many blame "moneyed interests" for that corruption -- believing both parties are deeply compromised.

They are right, of course.  

Perhaps the most striking fact from the exit polls last Tuesday is just how well Democrats did among highly educated voters. In Virginia, Terry McAuliffe won voters with a postgradudate degree by 22 points. In New Jersey, the Democratic candidate lost high school and college grads by double digit margins, but nearly drew even with Chris Christie among the postgrad crowd. Forty-eight percent of these voters went for Barbara Buono, compared to 36 percent of voters with just a high school degree.

Here's a basic conundrum facing progressives right now: We're the people who want more big government, yet populist anger at all major institutions -- public and private -- is the most powerful current in politics today. How do we square that circle?

Matt Phillips at QZ reports on, “the most important change in the US economy since the Great Recession—that nobody is talking about.” The change is the drastic decline in credit card debt among American consumers.

“Must have good credit.” 

If asked, Americans of all political persuasions will say overwhelmingly that they prefer “tougher rules” for Wall Street. But what does that actually mean?

We need a new, positive definition of public goods to counter the current market-myopic economics definition that relegates pubic goods to market failure