July 31, 2012

Escape from Economics

Let me recommend today's post by Paul Craig Roberts.  I have remarked before that economists should be taken out of the economic picture entirely.  The best quote in the article is "Hudson concludes that the result is that bankers now receive the rents (a form of unearned income) that once flowed to the landed aristocracy. Unlike the aristocracy, who were dispossessed of their rents, the bankers have not been."  

It is time to dispossess the banksters (and politicians) of our rents.

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