"The mind is a compact, multiply connected thought mass with internal connections of the most intimate kind. It grows continuously as new thought masses enter it, and this is the means by which it continues to develop."

Bernhard Riemann On Psychology and Metaphysics ca. 1860

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Monday, September 05, 2011

Keynesians, Neocons, Libertarians...Oh my!

All this palaver over nothing...The problem is that monetarists whether they be neo-liberal Keynesians, free market deregulators, or libertarian followers of Ayn Rand have no inkling whatsoever that there is a science of physical economy.
The fact is that there must be a reckoning with the literally quadrillions of worthless debt that was created by financial houses like Goldman Sachs. The return to the FDR era's Glass-Steagall regulation would allow this nightmare to be reined in. We must pull the plug on the too big to fail financial houses. Without this, all this sound and fury is just a tragicomic farce...

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