A biography for Thomas Frankhasn’t been written yet.
“We are watching industries crumble, Wall Street firms disappear, unemployment spike, and unprecedented government intervention. And our designated opinion leaders want to know: Is Obama up this week? Is he down? And is his leadership style more like Bill Clinton's, or Abraham Lincoln's?”
“Corruption is uniquely reprehensible in a democracy because it violates the system's first principle, which we all learned back in the sunshiny days of elementary school: that the government exist to serve the public, not particular companies or individuals or even elected officials.”
“These days, of course, the focus of talk about popular liberation through products is mostly associated with the Internet. I've been collecting computer ads and ads dealing with Internet industries.”
“The Obama administration's plan is to have the Federal Reserve regulate banks that might pose a 'systemic risk' if they were to fail.”
“Vibrancy is so universally desirable, so totemic in its powers, that even though we aren't sure what the word means, we know the quality it designates must be cultivated. The vibrant, we believe, is what makes certain cities flourish.”
“When done right - or wrong, depending on how you look at it - deficits remove liberal options from the table. Suddenly there's no money for building bridges or inspecting meat. Not surprisingly, running up a deficit is a strategy favored by the wrecking crew for its liberal-killing properties.”
“In the subprime mortgage industry, bankers handed out iffy loans like candy at a parade because such loans meant revenue and, hence, bonuses for executives in the here-and-now.”
“Our current way of regulating the financial system is dysfunctional. Oversight is dispersed among numerous confusing bodies that at times have seemed to be racing each other to the bottom. Setting up One Big Regulator would end that problem.”
“Is Wall Street the rightful master of our economic fate? Or should we choose a broader form of sovereignty?”
“Acknowledging class was always difficult for 'New Democrats' - it was second-wave, it was divisive - but 2008 made retro politics cool again.”
“Massive inequality, we have learned, isn't the best way to run an economy after all. And when you think about it, it's also profoundly ugly.”
“I think there's great potential for autonomy, but we have to remember that we live in a world where people may have free will but have not invented their circumstances.”
“It is always a disappointment to turn from forthright consideration of some subject - whether from the Left or the Right, a poet or a plumber - to the Beltway version, in which the only aspects of the issue that matter are the effects it will have on the fortunes of the two parties and the various men in power.”
“Promises to get beyond partisanship are the most perfunctory sort of campaign rhetoric, almost as empty as the partisanship itself.”
“The only truly individualistic health-care choice - where you receive care that is unpolluted by anyone else's funds - is to forgo insurance altogether, paying out-of-pocket for health services as you need them.”
“Thanks to a deal finalized in 2008, Chicago's parking meters will be operated for the next 75 years by a group of investors put together by Morgan Stanley, including the sovereign wealth fund of Abu Dhabi.”
“Whereas all liberals are thought to erupt self-righteously whenever they feel like it, conservatives believe that they themselves are never permitted to say what they really think.”
“Concerns about the size and role of government are what seem to leave reformers stammering and speechless in town-hall meetings. The right wants to have a debate over fundamental principles; elected Democrats seem incapable of giving it to them.”
“Back in the days when the market was a kind of secular god and all the world thrilled to behold the amazing powers of private capital, the idea of privatizing highways and airports and other bits of our transportation infrastructure made a certain kind of sense.”
“What becomes fascinating is the way the culture industry doesn't deny it and doesn't try to mitigate it, but tries to sell its products as a way of liberating oneself.”