It’s time, once again for the Monday Message Board. Post comments on any topic. As usual, civilised discussion and no coarse language.
It’s time, once again for the Monday Message Board. Post comments on any topic. As usual, civilised discussion and no coarse language.
i would like to draw attention to comments made by Joseph Stiglitz in the last few days.
I was recently ridiculed for suggesting that the US Fed was essentially a private bank, opaque and untrustworthy,
It seems to me that Stiglitz shares some of my concerns
and since i have nowhere else to put these things
i search and search for regulation and response to crisis but all i ever seem to find is the opposite,
at each crisis, risk and the space for systemic fraud and disaster are increased,
even now despite all the talk,
the massive banks got bigger, and no meaningful change to the unregulated derivatives markets is anywhere in sight
what the hell,
i know most of you dont appreciate my links or effort and certainly john never seems to acknowledge a single input i make, but nonetheless,
most of the people who defend free-market capitalism seem to have no idea that it does not exist,
it is an powerful myth,
and the main beneficiaries of this powerful myth are the top 1%,
whatever you do though, keep on denying that there is a class system,
and keep on with that glorious rubbish about equal opportunity for all
private corporate government is of course also known as fascism
At least Professor Quiggin should consider restoring smiths’ very brief deleted post @ 49, if not my larger post @ 50.
I found it very funny.
I’m glad you enjoyed it, and maybe if you hadn’t piled on, I would have left it.
But I am not allowing this blog to become a forum for Trutherism. There are plenty of websites covering this topic, and those interested can easily find them.
@smiths
Keep on posting – your posts are interesting reading. What do you think of Laurence Kotlikoff’s limited purpose banking?
JQ, this “trutherism”, you could give us a definition?
Actually, just googled it up and found a good expose of it from one Monica Bauerline, of the US site “Mother Jones”, from about a year ago.
To me it seemed a relevant addition to people’s understanding of the last decade, most of all for a didactic pol economy site, particularly in light of the summary offered of the Bush Cheney Murdoch phenomena.
Well done smiths, for having the persistence to identify and contest Andrew Reynolds and the points of his explanation.
well michael, i have to admit i dont know enough about it to know what possible limitations it might have but it certainly sounds good and quite straight forward,
i think its quite clear from reading over the last few years that the problems with monetary system are obvious, and workable realistic alternatives are there for the trying,
the immediate problem is that the aggressively parasitic banking corporations are diametrically opposed to any meaningful solutions,
limitless debt and an umbilical chord attached to the taxpayer is too sweet to give up,
they are far more powerful than most realize,
they are in cahoots with the media and military industrial complex,
and not a thing will change until they strangle ordinary people to the point where people do what they have done before,
use their numbers to force change
on ‘trutherism’ i read a funny comment a few years back which signaled the tragi/comic high water mark for me
whilst i agree that it is relevant and i urge people to read into it, blog discussions of it do degenerate very quickly and usually produce little of value,
i suspect that it will be a good 10 or 15 years before it can be discussed sensibly
and thanks Paul
While we are at it, will express my support for Dagget’s protests against certain sites practicing quite inconsistent, erratic moderation.