Evil Economics

Monday, October 8, 2012

at 10:07 AM

The rot of the "free-market'

When Thomas Jefferson wrote in his March 17, 1814 letter to Horatio Spatford that "Merchants have no country, the mere spot they stan...
Greece's Debt: The Hypocrisy of Neoliberalism

Two days ago Greece suffered its second debt-rating blow in a week, when Standard & Poor's downgraded two top banks and warned tha...
Hedge fund manager makes $2.5 billion betting on US bailout of Wall Street

David Tepper, manager of the hedge fund Appaloosa Management, is set to pocket more than $2.5 billion this year after successfully gamblin...
Wall Street’s Economic Rampage

Over the past year, Wall Street’s excess has helped push the unemployment rate to epic levels and created millions of foreclosures. Yet the...
AN ECONOMIC WONDERLAND: DERIVATIVE CASTLES BUILT ON SAND

"Virtually every aspect of conventional economic theory is intellectually unsound; virtually every economic policy recommendation is...

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