I don't know that Steve Cohen and SAC Capital are innocent of insider trading. But they shouldn't be punished for it either way.
Did we lose something when we abandoned the bill that kept commercial and investment banks separated?
While it's clear that health care spending, including Medicare and Medicaid, is growing at an alarming rate that threatens other priorities, I don't think the evidence supports the view that Social Security is doing the same
A new paper alleges that growing spending in Social Security, Medicare, and Medicaid is crowding out spending on investments like education, research and development, and infrastructure. There are two reasons why this is misleading.
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