“These instruments can teach, they can illuminate, and yes, they can even inspire; but they can do so only to the extent that humans are determined to use them towards those ends. … Otherwise,they’re merely wires and lights in a box.” — Edward R. Murrow, October 15, 1958
Wednesday, June 18, 2008
"Bad Money"
Kevin Philips is the former Nixon adviser wrote this great book "Bad Money," about the reason our economy is in trouble. He talks about the financialization of our economy. No longer are we a country that creates and produces things, the strength of our economy and indeed its direction is being run by the finance sectors.
Even worse Americans have more debt than ever before and less and less means to pay it back.
These destructive combinations are putting our economy in peril and lead many economists of all stripes like Kevin Philips to be deeply worried about our country.
RSS Feed
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment