Thomas G. Donlan, Barron's editorial writer, is interviewed by Jim Puplava of Financial Sense Online this week. Donlan appears to promote his new book, A World of Wealth: How Capitalism Turns Profits into Progress
His audio interview this week is just the first item of a Donlan twofer.
The other is his regular gig writing Barron's editorials. And this week's is typically excellent. Speaking of the Fannie and Freddie government shenanigans:
For years, F&F could not even issue clean financial reports. For years before that, F&F issued financial reports that sophisticated investors questioned, loudly and publicly. For decades, F&F ran on thin margins of capital, creating leverage that would shame an insolvent savings and loan -- or the federal government. For years, Fannie was operated by overpaid Democratic political operatives (Freddie made its political accommodations more discreetly).
Donlan is a rarity -- an editorial page editor of an important publication who can't be easily categorized as Left or Right. Anyone mistaking his pro-economic freedom stance as conservative obviously didn't see his editorial sympathetic to pursuing impeachment proceedings against the current US occupant of the oval office on wiretapping.
A lot of people are dreading what Rupert Murdoch might do to The Wall Street Journal. (I suspect many of those never liked the WSJ much anyway.) My nightmare would be News Corp. management shedding this unique voice from the Barron's editorial page.
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