“We’ve got an enormous number of enormously rich people that have convinced themselves that they’re rich because they’re smart and constructive. And they don’t like government, and they don’t like to pay taxes.”
“Everybody talks about monetary policy….but the lesson of all this is we need better, stronger supervisory powers.”
I am not sure those quotes are valuable at all. They certainly not the basis of a new policy initiative.
You got this right:
Which leads us back to a point we often make, because we’re enemies of over-regulation and overly-big government too. It’s that regulation is not the same thing as over-regulation and this administration is treating it that way right now. Regulation is necessary because history has shown that without it people — especially greedy people — misbehave and see what they can get away with
And this right as well:
Add to that a Supreme Court that’s given the super-rich an even bigger voice by allowing them to spend unlimited amounts of money influencing elections, and on campaigns to seat judges who support their agenda
The link to the Volker quotes is tenuous at best.