9.18.2008

Creative Destruction: The solid core behind the financial crisis

Do you get it now? The rich and powerful spend years making foolish deals in a market they rigged with the connivance of utterly corrupted politicians on both sides the aisle; their fraudulent scheme finally collapses, exposing them to some of the most horrific financial losses in history....and YOU will have to pay for it. For generations. Not only directly, with the tax money straight from your pocket, but even more so in the further degradation of national life: infrastructure, services, programs, amenities that will be starved or abandoned as even more of the government's money is poured out to shield the wastrel elite from suffering the consequences of their own rapacious folly.

Read full story