A few days ago, I had one of those conversations that seem to make the world spin slower, allowing me to see crystal clearly, if only for a moment.
Following on the theme of the last two windows, Dec. 12 on the Advent calendar opened to a picture of an ox with a book-the symbol of the gospel of Luke.
So here's the cold, hard, unvarnished economic truth about financial deregulation, and the big gaps between rich and poor it fosters: They're really, really lousy for the economy, as Robert S. McElvaine points out in "It's the Equality, Stupid" in this month's Sojourners magazine.
The Bush administration believes this should be a "time of Jubilee" for Wall Street speculators, a time of debt forgiveness. But the current proposal would only place additional debt shackles on the next generation.
The Wall Street debacle reminds me of the fall of Babylon
We now have almost three decades of experience with the idea that markets will solve our problems.