For all the talk of Wall Street reform and consumer protections the problem of predatory lending has not been eliminated. Subprime lending continues in the auto financing industry and elsewhere, and unlike conservatives' criticism of the housing market there are no federal subsidies to finger. Policymakers have, indeed, caused the problem but for reasons other …
Continue reading The Bubble Economy and the Rationality of Irrationality: Recapitalizing Virtue
What this worldwide recession proves: Globalism is a fatally flawed model in the present economic and ecologic sense. Protectionism may not be the answer, but nor is leaving one's country ripe for manipulation at the hands of commodities and foreign currency traders, resource shortages and above all too-close-to-the-bone ideas about corporate "efficiency" that make transcontinental supply chains so perilously thin and easy to disrupt. Why we need a cell-based economy. Stat.
