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View Diary: NYT: It's Krugman Vs. Reinhart & Rogoff, Who Trivialize Their Incompetence And Attack “Left” (246 comments)

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  •  Mega-wealthy decoupled from rest of world. (3+ / 0-)
    Recommended by:
    bobswern, dadoodaman, Words In Action

    They hurt everyone of course. It is just he behavioral aspects of self-interest and they are so decoupled from the rest of the world that they are mostly safe.

    And these economists will happily take a new directorship or whatever to hurt the rest of the world.

    I looked back at 2007 and history and my worst case scenario was a Volcker like second recession. Instead we got a lost decade as the mega-wealth across Europe and here and the economy of finance wanted to keep the consolidated rules and wealth from decades of building.

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