By William K. Black
May 2, 2016 Bloomington, MN
Michael Bloomberg has just published, in Bloomberg, what he describes as “an adaptation of an address to the University of Michigan’s class of 2016.” Having graduated twice from Michigan, as did our eldest, I was intrigued. Bloomberg’s title was “Here’s Your Degree. Now Go Defeat Demagogues.” What Bloomberg means is that he is frightened that so many young people supported the “Occupy Wall Street” movement and support Bernie Sanders. I’ve written before about Bloomberg, a Wall Street billionaire, and the myths he tries to spread about Bernie. Wall Street elites fear Bernie. They know he won’t take their money, he will end the systemically dangerous banks, and he will imprison their leading felons. Bloomberg’s hate for, and fear of, Bernie is perfectly rational. Why he thinks that Michigan students will take his advice and learn to love Wall Street’s felons is a lot less clear.