An MMT site bringing you dogma-free economics without the pleadings of self interest
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Greed! Well check this!http://www.democracynow.org/2012/8/10/romneys_death_squad_ties_bain_launchedRepublican presidential candidate Mitt Romney is facing new scrutiny over revelations he founded the private equity firm Bain Capital with investments from Central American elites linked to death squads in El Salvador. After initially struggling to find investors, Romney traveled to Miami in 1983 to win pledges of $9 million, 40 percent of Bain’s start-up money. Some investors had extensive ties to the death squads responsible for the vast majority of the tens of thousands of deaths in El Salvador during the 1980s. We’re joined by Huffington Post reporter Ryan Grim, who connects the dots in his latest story, "Mitt Romney Started Bain Capital With Money From Families Tied To Death Squads." "There’s no possible way that anybody in 1984 could check out these families — which was the term that [Romney’s campaign] used — and come away convinced that this money was clean," Grim says. [Transcript to come. Check back soon.]
Gar Alperovitz conclude: When it comes to banking and other critical sectors,maybee public ownership is the only solution left?Gar Alperovitzgo back to early Chicago-School and Jacob Viners and other that though in favor of free market,didn´t hesitate to adocate a nationalisition of to big to fail firms if needed.Major_Freedom maybee should took a look on the early Jacob Viner?A teacher to Milton Friedman and other Libertarians?Wtch this Major!http://www.youtube.com/watch?v=WT_7iirsWcwhttp://www.youtube.com/watch?v=1L5f1EbF4O0
It had been understood since the creation of the Fed that the entire fiat funny money regime exists to allow the elite to steal purchasing power from average people. I miss the point of this "joke".
Bob, fiat money is a tool. Just like knife can be a very good and useful tool to cut bread, you can use It to kill someone. Don't blame the knife if you killed someone.
Bob Roddis even your libertarien freemarket buddies at Chicago school was "trust-busters" very and they never wanted abandon the fed!Only rural types that read Rothbard and lack any formal education in economics come up with such thing as end the fed and you even want to abolish fiat money??So you want yo go back to gold and silver coins!I hope you have great wallet to carry the amount metals you have carry to buy a newspaper(if you read such)and don´t think of take flight with a plane,they have detectors and you got trouble with security folks.Stop this nonscence Bob.Act like a grown up.
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