So thoroughly has the media embedded the myth that capitalism caused the crisis that the people don’t even know what they are protesting. Sad: The black homeless guy is pricelessly intelligent. We need more thinkers like him around, methinks… As an aside, if I had the money to not have to work I would be…Details
Sheldon Richman gives a glimpse of why Wall Street could not have done it alone (yes, merely a glimpse): Wall Street couldn’t have done it alone. It takes a government and/or its central bank, the Federal Reserve System, to: Create barriers to entry for the purpose of sheltering existing banks from competition and radical innovation,…Details
Sufjean Stevens – Casmir Pulaski Day
[Note: LOTS of video time here. I won’t post tomorrow other than Sunday Song to give you a chance to get through it all…] A law pending in the federal legislature threatens to destroy the internet as we know it, for its overbreadth in seeking to prevent copyright infringement. You know that “Great Firewall of…Details
Appallingly stupid. No wonder we are indoctrinated.
THIS. IS. AWESOME.
Both videos I have posted today are of utmost quality. How am I ever gonna outdo this day?!
Don’t just skim past this one. This video is an excellent deconstruction of the way that banks have worked historically and the way risk allocation has changed. In other words, it is an explanation of how we got here, with socialized losses and private debts. Take the 10 minutes to understand it; you won’t be…Details