Forty years ago this month, President Richard Nixon sharply shifted his economic policy in an interventionist direction with deleterious economic results that continued for a decade and provide lessons for today.
Despite a successful political career that includes six statewide election victories in Massachusetts, capturing the Democratic presidential nomination and coming within a hair of winning the White House, John Kerry often seems awkward, aloof, pompous and politically tone deaf.
Billionaire Tom Steyer recalls a dinner at the U.S. Treasury in Washington with two senior department officials and six money managers. It was August 2012, and the meal was part of an effort by the agency to keep up with what the financial community was worrying about. The diners discussed China’s slowdown, Federal Reserve policy and other trends affecting the U.S. economy.