Increasing inequality in income distribution in this country has broader policy implications, and there is also the growing problem of perverse incentives that result from executives receiving grossly disproportionate compensation based on decisions they themselves take.

Before this learning experience, I had assumed that with regard to programs that sought to help people out of poverty, the political world was essentially divided into two camps: conservatives who opposed these for a variety of reasons, and liberals who supported them.

The left and the right live in parallel universes. The right listens to talk radio, the left's on the Internet and they just reinforce one another. They have no sense of reality. I have now one ambition: to retire before it becomes essential to tweet.

Capitalism works better from every perspective when the economic decision makers are forced to share power with those who will be affected by those decisions.