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federalism posts

The U.S.: One nation, economically, or three?

Posted Jul 30th 2009 5:00PM by Joseph Lazzaro (RSS feed)
Filed under: Forecasts, Politics

Ever wonder why it's so hard for the United States to pass public policies -- particularly economic ones -- and relatively easy for European nations to do so? Well, part of it is our constitutional system -- which separates power -- as opposed to Europe's parliamentarian system, which concentrates or fuses power.

Part of it also is the United States' anti-state political culture: Americans generally want and expect economic issues and problems to be resolved in the private realm, not the public realm. In the United States, it is always: private sector first, public sector second.

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Socialism by any other name is probably a U.S. government program

Posted Mar 2nd 2009 2:35PM by Joseph Lazzaro (RSS feed)
Filed under: Forecasts, Politics, Financial Crisis

Most investors know about the United States' anti-state political culture: in America it's private sector solution first, public sector solution second.

And, most also know that what state that does exist is anti-central government: it dates back to our federalist origination. We're even reluctant to call something 'central' for this reason: we have a central bank, but it's called the Federal Reserve, not the Central Reserve. And it's the Internal Revenue Service, not the Central Revenue Service.

Continue reading Socialism by any other name is probably a U.S. government program