There is a lot of very good insight here, in particular the focus on foundational economic institutions (ie, truth telling and promise keeping). Even so far as the taxes and regulations being details (a couple percent here or there, not a crisis).
The issue that we are facing though, is starting to become of another sort. It is evidenced by the shift of wealth from the commercial centers to the DC area. It is evidenced by 80% of government spending not being on running government or protecting the population or even enforcing laws, etc. It is evidenced by (what was quoted in the article) of goverment borrowing (and printing money) to support the oligarghical too-big to fail banks. It is evidenved by the nationalization of private sector debt via student loans and via housing loan guarantees. It is evidenced by the failure to regulate derivatives or split investment banks from commercial ones.
It is evidenced by "Economists" in the keynesian tradition who support uncritical borrow and spend (as the answer to everything), all of which provides stability but none of which provides actual earnings/power to the working classes...etc. It just provides benefits to the rich and debt/taxes to the poor. The "Liberal" current administration has underwritten the most perverse transfer of weatlth from the poor/middel to the top, its almost comical they pretend to be for anyone other than themselves. They make the Tea Party, in Contrast, look almost perversely rational. There is too much fear. In the Left. Of change.
The issue that we are facing though, is starting to become of another sort. It is evidenced by the shift of wealth from the commercial centers to the DC area. It is evidenced by 80% of government spending not being on running government or protecting the population or even enforcing laws, etc. It is evidenced by (what was quoted in the article) of goverment borrowing (and printing money) to support the oligarghical too-big to fail banks. It is evidenved by the nationalization of private sector debt via student loans and via housing loan guarantees. It is evidenced by the failure to regulate derivatives or split investment banks from commercial ones.
It is evidenced by "Economists" in the keynesian tradition who support uncritical borrow and spend (as the answer to everything), all of which provides stability but none of which provides actual earnings/power to the working classes...etc. It just provides benefits to the rich and debt/taxes to the poor. The "Liberal" current administration has underwritten the most perverse transfer of weatlth from the poor/middel to the top, its almost comical they pretend to be for anyone other than themselves. They make the Tea Party, in Contrast, look almost perversely rational. There is too much fear. In the Left. Of change.