photo credit: trackrecord Jeffery Sachs was heard sniggering on local radio this morning at the extent to which Greenspan admitted fault. Greenspan has shocked the world by admitting his world-view was incorrect. Referring to his free-market ideology, Mr. Greenspan added:…
Renegade Economist Press Conference
Following this excellent clip, you must read why – Boom Bust 2010 (scroll down) and understand how we can avoid this situation in the future.
photo credit: mdumlao98 Prime Minister Rudd’s $10bn ‘economic security strategy’ is another blinkered response. A decade of record economic growth has done little for the aussie battler. Record prices for iron ore have cascaded into the deepest pockets in the…
photo credit: Celeste33 Anne Schmid We do not blame the poor for being poor, or suggest that it is because they are lazy or incapable of earning a living. Likewise, is it altogether hard work and enterprise that has made…
Now you’ve seen Steve Keen deliver a damaging analysis on the 7.30 report, listen to Professor Mason Gaffney call a Great Depression (on yesterday’s Renegade Economists) and why current economic policy will only prolong the negative outlook. Dr. Michael Hudson…
photo credit: sekundo Throw out the theory! That’s what policy makers are doing world-wide. From neo-liberalism to neo-handouts, one must ask what has happened to confidence in free market theory? Which leader in the western world will stand up? Failure…
photo credit: PhotoGraham That is the call as the bankers bailout of US$700bn gets rejected by US Congress. Meanwhile the US Fed has the printing presses running at just about as much – US$630bn. Kohler says: Essentially Congress has ensured…
One can only laugh when such a blatant shock doctrine exercise as this bailout tries to get through. If only some Hollywood stars were included then the bankers bailout might work. Warren Buffet should know better. A forensic investigation must…
photo credit: betta design The $840bn bailout of US banks provides the US Treasury with a unique opportunity. Will the as yet unnamed new Federal agency (which we will call the Bailout Agency), charged with the responsibility for selling off…