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salvorhardin

(9,995 posts)

7. The casino economy infects everything

Reply to Selatius (Reply #6)

Mon Jul 23, 2012, 07:09 PM

Jul 2012

Everything has been financialized -- and that's something neither Keynes, nor Simmons, nor Marx saw coming. Hell, I'm not even sure Friedman saw it, although he perhaps can be considered the father of the casino economy (which I guess would make Greenspan its prophet).

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What would a true conservative economist recommend? Nationalize the banks! [View all] salvorhardin Jul 2012 OP

Damn right! elleng Jul 2012 #1

Interesting argument - makes sense to me. el_bryanto Jul 2012 #2

Wow! Wonderful, BUT TPTB are doing the opposite, e.g. postal system, education...nt snappyturtle Jul 2012 #3

It's as if nobody remembers what it was like prior to Reagan salvorhardin Jul 2012 #4

I agree and when I try to remind people who were adults under snappyturtle Jul 2012 #5

His solution is workable if private money didn't fund the campaigns of Dems and Repubs. Selatius Jul 2012 #6

The casino economy infects everything salvorhardin Jul 2012 #7

I think that may be one thing for which historians will criticize Obama OmahaBlueDog Jul 2012 #8

I agree salvorhardin Jul 2012 #9

Controlling our own currency is a pretty sensible idea. n/t lumberjack_jeff Jul 2012 #10

2nd day kick salvorhardin Jul 2012 #11

That is common sense. I'd go a step further than competition and add oversight as well. TheKentuckian Jul 2012 #12