Learning the right lessons from the economy meltdown

One of the most infuriating things for me in the aftermath of the 2008 crash is how quickly the obvious causes were overlooked, and how quickly the greek choir of fundamentalist monetarist/neoliberal economists and journalists went back to advocating for the same failed policies that got us there.

So, as the end of the year approaches, let’s look at a few wise men that don’t fear facing that monolithic block and go against conventional “wisdom”:

Richard Eskow: The death of austerity

Paul Krugman (just an example, almost everything he has written in the last ten years would fit – remember: he was among the first to call attention to the US housing/mortgage bubble): Keynes was right

And, talking about that, there’s Joe Nocera: The Big Lie
(No, it was not Freddie Mac and Fannie Mae that caused the crash)

On that last item, the milestone article by Matt Taibbi: The Great American Bubble Machine

Just because we’re paranoid, doesn’t mean they are not out there to get us. Read and weep.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s