Saturday, Oct 03rd

Last update06:07:08 AM GMT

You are here News Editorials Capitalist Fools

Capitalist Fools

E-mail Print PDF

Behind the debate over remaking U.S. financial policy will be a debate over who’s to blame. It’s crucial to get the history right, writes a Nobel-laureate economist, identifying five key mistakes—under Reagan, Clinton, and Bush II—and one national delusion.

What were the critical decisions that led to the crisis? Mistakes were made at every fork in the road—we had what engineers call a “system failure,” when not a single decision but a cascade of decisions produce a tragic result. Let’s look at five key moments.

TVNL Comment: This article omits the biggest scam at the heart of all of our economic problems...the creation of the Federal Reserve. Private, for profit bankers were given charge of our money system. In essence they made money itself a for profit business. You can not earn have to BUY their money!


Most Recent Related Stories...

Alex Baer: One Planet, Two Worlds

Alex Baer: One Planet, Two WorldsThe problem with being a curmudgeon is that you still have things to say long after...

Alex Baer: Stupes on the Loose: Add-a-Nope

Stupid judgeWelcome to the Bonus Round on today's episode of "How to Cope with Stupes on the...

Is the GOP Clown Car a Volkswagen? It should be.

GOP clown carChina marked its President's visit to the US by announcing a cap and trade program on...

Bob Alexander: The Ghosts in the Clock

Ghosts in the clockA bell tolls each life event.Bong … New Year's … Bong … Birthdays … Bong …...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!