In my blog I tried to explain the scams and how the financial system is a rigged casino game, designed to take your (middle to low class people) money.
But since my job is sucking the energy out of me, and since I am a neophyte, perhaps I may make a suggestion to you folks.
ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism by Yves Smith is a GREAT book.
Layman's terms, laid out in a simple way, the author explains to the non-financial folks who are interested what happened and how it all works.
It is a joy to read her explanations of the "free markets" concept and bitch slapping (yes, pun, and a bad one - deal with it) libertarian utopian idiots.
Highly recommended.
I pad the full $30, on Amazon it is $19 - well worth the price.
Thursday, August 5, 2010
Yves Smith: Econned
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1 comment:
I just read this article from investorcentric. They're increasingly bitter overtones in this article seem to indicate they agree with you. The below article was reprinted from some other guy's blog.
http://investorcentric.blogs.nuwireinvestor.com/2010/08/market-does-not-have-typical-response.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+Investorcentric+(InvestorCentric)
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