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Public borrowing is costly these days, true, but interest rates on municipal bonds are still considerably lower than those borne by corporate debt.
Thomas Frank
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Thomas Frank
Age: 59
Born: 1965
Born: March 21
Historian
Journalist
Kansas City
Missouri
Thomas Carr Frank
Days
Borne
Public
Borrowing
Interest
Bonds
True
Rates
Stills
Lower
Still
Corporate
Municipal
Debt
Considerably
Rate
Costly
More quotes by Thomas Frank
For-profit higher education is today a booming industry, feeding on the student loans handed out to the desperate.
Thomas Frank
I was never a fan of Barack Obama's bipartisanship routine.
Thomas Frank
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.
Thomas Frank
Every city is either vibrant these days or is working on a plan to attain vibrancy soon. The reason is simple: a city isn't successful - isn't even a city, really - unless it can lay claim to being 'vibrant.'
Thomas Frank
Apparently, there is no bad economic turn a conservative cannot do unto his buddy in the working class, as long as cultural solidarity has been cemented over a beer.
Thomas Frank
Conservatism is not a doctrine of contentment. Not a doctrine for the satisfied and the smug. It's a politics that's at war with the world.
Thomas Frank
Americans have known about mounting inequality and king-sized Wall Street bonuses for years. But we also had an entire genre of journalism dedicated to brushing the problem off.
Thomas Frank
Privatizing bits of the prison industry was a step in the right direction, but what we didn't have - until recently - were proper instruments for incentivizing the judiciary. That's what the 'kids for cash' judges were apparently experimenting with.
Thomas Frank
Under the administration of George W. Bush, you will recall, federal spending grew pretty significantly. At the same time, the number of people directly employed by the federal government shrank. One of the factors that explained the difference was contracting.
Thomas Frank
During the financial crisis and bailouts of 2008, it probably occurred to very few average people that we were entering a period of hardship for billionaires.
Thomas Frank
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.
Thomas Frank
The great fear that hung over the business community in the 1970s was death by regulation, and the great goal of the conservative movement, as it rose to triumph in the 1980s, was to remove that threat - to keep OSHA, the EPA, and the FTC from choking off entrepreneurship with their infernal meddling in the marketplace.
Thomas Frank
There is much to dislike about President Obama's approach to the financial crisis. But opposition, it seems, will have to come from somewhere other than conservatism. The party out of power is also a party out of touch.
Thomas Frank
People are born in a certain place, and in a certain society. I don't mean to sound like a determinist, but to think we're entirely free to do whatever we want betrays a certain class perspective. For most people who have to work for a living, and work at jobs under conditions they may not like, it's just not simple when it comes to freedom.
Thomas Frank
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.
Thomas Frank
Journalism has a special, hallowed place for stories of its practitioners' persecution.
Thomas Frank
Joe Klein is the flower of American political journalism, a sharp raconteur who shows traces of the gonzo style that was in vogue when he was honing his craft at Rolling Stone back in the day.
Thomas Frank
Conservatives may believe that impoverished borrowers destroyed Wall Street. But we liberals will not fool ourselves that stupid bankers sank conservatism for good.
Thomas Frank
The Obama administration's plan is to have the Federal Reserve regulate banks that might pose a 'systemic risk' if they were to fail.
Thomas Frank
Mounting a campaign against plutocracy makes as much sense to the typical Washington liberal as would circulating a petition against gravity. What our modernized liberal leaders offer is not confrontation but a kind of therapy for those flattened by the free-market hurricane: they counsel us to accept the inevitability of the situation.
Thomas Frank
