The financial crisis became an economic crisis and mutated into a state budget crisis when trillions were given to "system relevant" banks and private losses became public burdens. What is Plan B?How can the financial sector be shriveled? Can state banks (like NDakota) be a model?
Global Capital Flows to the Rich (tags)
The global imbalance seems more dangerous for all other countries than for the US. A fundamental reform of the international monetary system is overdue. The US dollar is no longer the stable anchor of the world monetary system.