Available Now! (click cover)

America's Counter-Revolution
The Constitution Revisited

From the back cover:

This book challenges the assumption that the Constitution was a landmark in the struggle for liberty. Instead, Sheldon Richman argues, it was the product of a counter-revolution, a setback for the radicalism represented by America’s break with the British empire. Drawing on careful, credible historical scholarship and contemporary political analysis, Richman suggests that this counter-revolution was the work of conservatives who sought a nation of “power, consequence, and grandeur.” America’s Counter-Revolution makes a persuasive case that the Constitution was a victory not for liberty but for the agendas and interests of a militaristic, aristocratic, privilege-seeking ruling class.

Sunday, October 05, 2008

Fannie's Folly

Today's New York Times has an informative article on how the government egged Fannie Mae on to buy ever more high-risk mortgages during the current decade. One weakness of the article, however, is its failure to stress the government's implicit guarantee to stand by behind the government-sponsored enterprise, a guarantee we now know was all too real. The article is here.

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