An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Friday, February 28, 2014
Yves Smith — Vermont Citizens Push to Form a State Bank, But Will Ratings Agencies Kill the Idea?
The rating agencies as "enforcers" of neoliberalism, and about as subtle as a Mafia enforcer.
Mr Alexander de Toqueville would say the lawyer and the banker classes will forbid this.
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