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[F]or the past quarter century, policies adopted in the name of Adam Smith... that supposedly strengthen the invisible hand guiding the market, have … - David Cay Johnston
" "[F]or the past quarter century, policies adopted in the name of Adam Smith... that supposedly strengthen the invisible hand guiding the market, have weighed down our economy while simultaneously stuffing the pockets of those among the rich and powerful who solicited them or... were just standing in the right place at a lucrative time. This is our story, not of one free lunch, but of the many banquets at which billions and billions of your dollars are being served to the richest among us.
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About David Cay Johnston
(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).
Also Known As
Birth Name:
David Cay Boyle Johnston
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DC Report
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Additional quotes by David Cay Johnston
The Attorney General, Eric Holder testified, in March of 2013, to Congress that he was afraid to prosecute the banks because it would cause economic disruption. ...I've been going after him in Newsweek for that and he has backtracked, but for months, an Inspector General's report shows, he claimed that they had gone after more than a billion dollars and over 500 people involved in mortgage fraud... still... a drop in the bucket. ...In fact, there were less than a hundred cases involving $95 million ...a drop in a drop ...and he kept telling this lie. So we... now have a government that does not go after people who are engaged in criminal frauds because they are considered so powerful, that if they were prosecuted it would damage the economy. My God!
Balzac said 200 years ago that "behind every great fortune lies a crime," but we know how to create wealth now: the Industrial Revolution created wealth, the and our ability to manipulate cyberspace, and to develop concepts and structures in mathematics, and elsewhere. We can create real wealth. So, per say, being wealthy is now not the result of taking from those with less; and yet this historic problem has come roaring back... under the guise of conservatism.
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