Here I was, sitting in my office at Loyola University, New Orleans, where I teach economics, very busy doing what I take to be the Lord's work, and something unlikely as a wind on steroids rends asunder my work and life. It presented denizens of New Orleans with a stark choice. Evacuate at great inconvenience and [...]

  Did you know, during the financial crisis, the global banking elite ran up a tab of $1.2 trillion in bailouts with taxpayer money through the Federal Reserve System? This figure is a subset of the $16 trillion in total I've previously written you about that the Fed loaned out during the height of the financial crisis. [...]