It’s Always Hysteria with Some People

2009/03/22

The economy is bad, but in no way comparable to the Great Depression. Think 1974 or ’82. Though I respect Mr Obama, I do not support the current policy on helping the economy. It is money-centric games. We need to fight deflation, true. But this current imbroglio is a phenomenom of money and not actual productivity. People need jobs, housing, food. Get that in order, regulate phoney baloney financial manipulation, and that fixes most of our troubles. Careening from one financial scheme to another is no way to fix the economy.

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Primer on the Subrime Meltdown

2009/03/15

http://docs.google.com/TeamPresent?docid=ddp4zq7n_0cdjsr4fn&skipauth=true


Define Crime

2008/09/13

The words of Gary W. Potter, Professor of Criminal Justice and Police Studies at Eastern Kentucky University, in writing about the savings and loan scandals of the 1980s, illuminates some central premises: “There is precious little difference between those people who society designates as respectable and law abiding and those people society castigates as hoodlums and thugs. The world of corporate finance and corporate capital is as criminogenic and probably more criminogenic than any poverty-wracked slum neighborhood. The distinctions drawn between business, politics, and organized crime are at best artificial and in reality irrelevant. Rather than being dysfunctions, corporate crime, white-collar crime, organized crime, and political corruption are mainstays of American political-economic life.”