“Instead of flooding the entire economy with liquidity, and thereby increasing the danger of inflation, the Fed could support the stock market directly by buying market averages in the futures market, thereby stabilizing the market as a whole.”
Robert Heller, Have Fed Support the Stock Market, WSJ, October 27, 1989
“Our future could be one in which continued tumult feeds the looting of the financial system, and we talk more and more about exactly how our oligarchs became bandits and how the economy just can’t seem to get into gear. Recovery will fail unless we break the financial oligarchy that is blocking essential reform. We’re running out of time.”
Simon Johnson, The Quiet Coup, May 2009
“The United States is a plutocracy, with an income and wealth distribution that rivals South America’s worst cases, but economists refuse to acknowledge that these outcomes are attributable to ill-advised public policies on taxation, regulation, trade, and education spending over the last several decades. Economists bleat about ‘globalization’ as though it were inevitable rather than a set of deliberate policy choices. Markets are political creations, so results produced by them are not inviolable or free from question.”
Lee Sheppard, Economists’ Malign Influence on Taxes, Forbes, May 3, 2012
“Too many of America’s elites – among the super-rich, the CEOs, and many of my colleagues in academia – have abandoned a commitment to social responsibility. They chase wealth and power, the rest of society be damned.”
Jeffrey Sachs, The Price of Civilization, January 2012
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[ H/T The Burning Platform ]
Robert Heller, Have Fed Support the Stock Market, WSJ, October 27, 1989
“Our future could be one in which continued tumult feeds the looting of the financial system, and we talk more and more about exactly how our oligarchs became bandits and how the economy just can’t seem to get into gear. Recovery will fail unless we break the financial oligarchy that is blocking essential reform. We’re running out of time.”
Simon Johnson, The Quiet Coup, May 2009
“The United States is a plutocracy, with an income and wealth distribution that rivals South America’s worst cases, but economists refuse to acknowledge that these outcomes are attributable to ill-advised public policies on taxation, regulation, trade, and education spending over the last several decades. Economists bleat about ‘globalization’ as though it were inevitable rather than a set of deliberate policy choices. Markets are political creations, so results produced by them are not inviolable or free from question.”
Lee Sheppard, Economists’ Malign Influence on Taxes, Forbes, May 3, 2012
“Too many of America’s elites – among the super-rich, the CEOs, and many of my colleagues in academia – have abandoned a commitment to social responsibility. They chase wealth and power, the rest of society be damned.”
Jeffrey Sachs, The Price of Civilization, January 2012
Tweet
Continue reading...
[ H/T The Burning Platform ]
