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matthias weik

Spiral downward and No exit! (tags)

The austerity dictates imposed on the Eurozone are only exacerbating the crisis they are supposed to be fighting. The austerity measures are leading to a collapse in domestic demand.

Book Review: "The Greatest Predatory Attack of History" (tags)

The 1933 Glass-Steagal law created a firewall between commercial and investment banks and prevented speculators from gambling with the money of savers. Restoring Glass-Steagal would restore trust and public spirit. Profit-making is not profit-maximizing; speculating is not investing.

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