Sunday, March 29, 2009
The Quiet Coup
If you want to get an excellent take on why the economy got to where it is, read this article by Simon Johnson. Here's an intro to his article:
The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises.
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