Hawking America

Goldman Sachs boss Hank Paulson already has one of the best jobs in the world. So why would he trade leadership of Wall Street’s premier firm for a bit role in a dying regime? Under President Bush, the Treasury Secretary’s job has been gutted like a bass at a fish market. Paulson’s predecessors failed to influence policy meaningfully. Deficits widened and the dollar dropped. Alan Greenspan’s flooding of the market with liquidity really kept the economy moving. What’s Paulson thinking? In one r...