by Summary:
Bailouts: Central Planners and Economy
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Bailouts: Central Planners and Economy
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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| Bailouts: Central Planners and Economy |
"One man's meat is another man's poison", ie poisonous Dark Money corruption of anything that matters to societies depending on democratically informed accountability.
Now there's yer problem!"
What is GM? Don’t wholly agree that banks were the ones floated. They let Lehman die in order to signal that the Fed would let losers fail , although it’s fair to argue that it wasn’t effective. The same will happen with Boeing eventually because it was chosen as a national champion against Airbus, but mainstream economic policy simply ignored who was managing Boeing afterwards. Financialization theology has swept away operations and R&D investment expertise in US businesses culture. AI will not come tot the rescue either. Technology is only as good as the minds that put it to use.