Daily Archives: November 25, 2011

Quote of the day

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”                                                                    — Henry Ford, American Businessman (1863-1947)

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Every expense underwritten by taxpayers must be scrutinized afresh

We are moving through an era where the status quo must be questioned and all tax-payer-funded-expenses must be subject to rigorous review. This article on the overlap, extra costs and potential waste of individual public pension plans is worth consideration: “You … Continue reading

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Republican David Frum: “conservatism has become a going-out-of-business sale for the baby boomers”

A must read article from David Frum on the devolution of his beloved republican party from a legitimate political philosophy to a party of conflicted dogma rather than thinkers: “I’ve been a Republican all my adult life. I have worked … Continue reading

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Professor Bill Black on epic fraud in the financial sector

The man who helped clean up the Savings and Loan debacle, offers hope and insight on the steps needed today. 

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Free lunch over: time for Boomers to stop eating the young

As we watch interest rates continue to spike across Europe today I am actually encouraged.  The truth about debt levels and systemic risk are finally seeping out into the light of day.  Yes higher rates mean higher carrying costs and higher default rates.  But … Continue reading

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Good discussion on chrony capitalism and systemic inequality

Visit msnbc.com for breaking news, world news, and news about the economy

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