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" "For... the political donor class, the system is being remade to serve their interests while disguising the changes as benefits for every American.
(born December 24, 1948) is an American investigative journalist and author specializing in economics and tax issues. He won the 2001 , and from 2009 to 2016 he was a Distinguished Visiting Lecturer at Syracuse University, Martin J. Whitman School of Management and College of Law, teaching tax, property, and regulatory law of the ancient world. From 2011 to 2012 he was a columnist for , writing, and producing video commentaries on worldwide issues of tax, accounting, economics, public finance and business. In recent years he has also written for and , and is the board president of , Inc. (IRE).
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We were promised that... markets would provide solutions. A lot of my book is a defense of markets. The Supreme Court says a market is where independent parties, neither under duress or coercion, and with knowledge of the facts, come to an agreement on a price. That's not what a lot of our new markets do. We now have markets designed to thwart competition... Adam Smith's invisible hand of the market, in which there are lots of sellers, and smart consumers who can compare prices, and this drives prices down... to the lowest level at which businesses can continue to operate. We've replaced that, through government policies, with practices that artificially restrict competition... raise prices... inflate profits; all under the guise of conservatism, and "the markets will solve our problems."
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Donald Trump came into office and killed the . ...[T]hat partnership had serious flaws. It was written in secret, by corporate lobbyists and by lawyers involved in the trade business. It was so secretive that when my congresswoman, , having seen what I wrote, wanted to read what was in there... she said "Yea, it's all written... in language that doesn't mean anything to me," and Louise has a PhD in microbiology. ...It's written in the language of people in the trade, not to be understood by mere mortals.