Wednesday, May 12, 2010

German banker bailout

Euro-Bankers Demand of Greece: The wealthy won’t pay their taxes, so labor must do so, by Michael Hudson

Wondering just what is going on with the economy in Europe, with what is called "the Greek bailout"? Why not turn to the same witch-doctor economists whose massively wealth-destroying failure to warn about the present crisis hasn't yet convinced them to put down the magic eight ball and stop making predictions and explaining economic events through the lens of their thoroughly discredited ideology? If that interests you, turn on the TV or open a newspaper. If you want to read analysis by one of the rare economists who did predict the current mess, check this out.

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