For at least a generation the U.S. has propped up the global economy by absorbing the world’s surplus of goods. That’s not good for the U.S. or its trading partners.
William Greider
Posted inFeatures
The Great S&L Clearance
During the past decade, the public dialogue surrounding the federal government’s regulation of the financial system has been shallow and morally smug and, above all, blind to the emerging realities of deep disorder. Despite the pattern of recurring financial crises, most commentators have clung to the comforting bromides of laissez faire taught by the Reagan […]