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" "So we didn't get less government... that we were promised. Next we were told we should have deregulation. There's no such thing as deregulation. Everything has rules. ...What we got were new regulations... written by and the railroads and the banks, and they eliminated [or reduced] consumer protections. They took away enforcement of the existing laws. They benefited this political donor class, who were pursuing their own self-interest.
(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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One of the criticisms I've... gotten is "You're a reporter, what are you doing writing with a moral tone?" ...[Y]es, this is a book about political culture and morality. I cite , the Bible and as moral authorities in this book. ...Andrew Mellon says that people are more important than capital and people have to be thought of first, not capital... that's not our culture today. All throughout the Bible, the most frequently denounced evil is taking from the poor to give to the rich. The Bible tells us in both books that your society will come to ruin if you do this.
Usury laws that protected consumers against rapacious lenders existed until 1978. Now they are gone because of a Supreme Court decision. ...[O]ur government has set forth onerous new rules that reward those who prey on the poor. ...These lenders, or their fronts, can now charge rates and impose penalties that were illegal, even criminal, a generation ago.
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There is a movement to repeal the Fourteenth Amendment. When the US Supreme Court clerk, who was the former president of a railroad, announced that the corporations are people for purposes of defending their property... That makes sense, because a corporation is property. But Chief Justice Rehnquist, in a dissent in a case called Bellotti vs. ...Bank of Boston, was clearly opposed to the idea of giving political rights to corporations. We are now on the verge, in the Hobby Lobby case, of giving religious rights to corporations. Who's a corporation prey to, Mammon? So we've very much veered off from what was intended.