Capitalism Without Failure
Recent history of US Economics: 1. Rampant fraud and reckless mismanagement in the financial sector, 2. Bailouts of the worst actors in the financial sector, 3. Overwhelming debt and liability imposed on taxpayers, 4. Hair-of-the-dog monetary policy aimed at recapitalizing insolvent banks, 5. Promotion of business leaders and policy-makers who are chronically compromised, 6. Conglomeration of Systemically Dangerous Institutions into a more empowered menace.
Saturday, March 10, 2012
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