Richard Posner, the noted judge of the Sixth Circuit Court of Appeals and professor of law and economics at the University of Chicago, says the recent U.S. financial collapse represents a “failure of capitalism.” In a commentary in the August 9 Atlantic, Posner argued government policymakers were so blinded by a belief in perfectly functioning [...]

Tom Walton
Mr. Walton (tom.f.walton@gmail.com) is a former special advisor to the United States Federal Trade Commission and director of economic policy for General Motors Corporation. He is currently adjunct professor of finance at the College of Business, Lawrence Technological University.