Mon 2008-12-15 00:00 EST
Counterpunch; ``Total private-sector markets (in practice, markets run by the banks and money managers) have shown themselves to be just as destructive, wasteful and corrupt and, indeed, centrally planned as those of totally statist governments from Stalin's Russia to Hitler's Germany.''
ending; Jeffrey Sommers; Michael Hudson; Washington Consensus.
Fri 2008-12-12 00:00 EST
Jesse's Café Américain: Money Supply, Paul Krugman, and the Great Depression; ``Fed made a significant policy error in raising the discount rate in early 1931''; ``we can imagine an outcome in which misbegotten monetary policy results in an oligopoly of corporate interests and an economy that is permanently frozen in a series of de facto monopolies based on central planning, not all that dissimilar to the experience of the Soviet Union prior to its dissolution and some countries in which a hundred or so powerful families control the government and its economy in a state of permanent corruption and malaise.''
Great Depression; Jesse's Café Américain; money supply; Paul Krugman.
Fri 2008-12-05 00:00 EST
``the cure is to embrace deflation and stop fractional reserve lending and the serially bubble blowing activities of the Fed''
Central Planning; China prepares; Mish's Global Economic Trend Analysis; prepared; worst case.
