Author: John Carney

If you think that private equity fund managers are under-taxed because carried interest is considered a capital gain rather than income, you should probably also advocate higher taxes for the founders of companies.   Read More

Just in case you missed out on the fun.   Read More

If Greece doesn't have to pay what it owes, why should anyone?   Read More

I think Greece will default, abandon the euro, and shake up the entire world. That's what I would do if I were running the place.    Read More

Something about Goldman Sachs must really inspire Matt Taibbi. He does his best writing with Goldman on the brain.   Read More

Lots of people have written about how ridiculous it is that the Federal Reserve claims its loans to the European Central Bank are "secured."    Read More

Over a decade ago, the University of Missouri-Kansas City began to implement a community service requirement with an interesting, market-oriented twist. Instead of directly requiring students to work a certain number of hours in approved community service projects, UMKC imposed a system of payments and taxes designed to elicit a minimum amount of community service from the students.    Read More

Stephen Fidler at the Wall Street Journal outlines a plan for the European Central Bank to accept less than face value on the Greek bonds it has purchased.    Read More

There's been a lot of talk recently about home prices reaching a bottom. But not everyone is convinced.   Read More

Consumer borrowing in the U.S. rose by far more than forecast in December—which may mean that the Fed will hold off any further quantitative easing for the time being.   Read More