"In politics we learn the most from those who disagree with us..."

"The great enemy of the truth is very often not the lie--deliberate, contrived, and dishonest; but the myth--persistent, persuasive, and unrealistic. Belief in myths allows the comfort of opinion without the discomfort of thought." - John F. Kennedy



Purple Nation? What's that? Good question.

Neither Red nor Blue. In other words, not knee-jerk liberal Democrat or jerk Republican. But certainly not some foggy third way either.

In recent years partisan politics in America has become superimposed on cultural identity and life style choices. You know - whether you go to church or not, or whether you drive a Volvo or a pickup, or where you live. This promotes a false political consciousness that we hope to remedy here.

There are both myths and truths to this Red-Blue dichotomy and we'd like to distinguish between the two. So, please, read on, join the discussion, contribute your point of view.

Diversity of opinion is encouraged...

Thursday, April 1, 2010

Alan Greenspan on the Financial Collapse

Have to agree. Greenie gets it only half right. Bubbles thrive on leveraged credit. The Fed can easily dampen excess leverage and also send the right signals to the shadow banking system to reduce moral hazard. We didn't get the "Greenspan Put" from the Easter Bunny.

Alan Greenspan on the Financial Collapse

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