fix articles 301017, learning nothing
Collapsing Debt Towers (tags)
The crisis is 30 years old, not three years old. The causes of the crisis should be tracked down in the real goods-producing economy, not in the financial markets. The financial markets were keep alive up to the collapse of the speculative bubble by credit-financed demand.
Some further thoughts on the OWS movement (tags)
I have been following the Occupy Wall Street developments with interest because ultimately I consider the only reasonable way entrenched elites become unseated is if there is mass action by citizens. I do not think military coups are a very sound way to lay the groundwork for grassroots
Learning Nothing in 80 Years (tags)
The crisis began in the US where the government became heavily indebted after September 11, 2001 in the war against terror and where property owners, banks and hedge funds long lived openly on credit. The German government was laughed at when it prohibited short-selling in 2010