Monday, September 21, 2009

Dr Paul is back

And looking at banking reform and the task that President Obama has ahead andperhaps his reluctance to do what is needed. As usual Dr Paul has the answer.
Equally important, in this case populism is good economics. Indeed, you can make the case that reforming bankers’ compensation is the single best thing we can do to prevent another financial crisis a few years down the road.

It’s time for the president to realize that sometimes populism, especially populism that makes bankers angry, is exactly what the economy needs.

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