Skip to main content


February 14, 2012

The Costs of "the financial sector run amok"

No one says it better or more cogently than Paul Krugman, as he does again today “Same Net, More People Falling”:

“James Kwak and Larry Mishel, in slightly different ways, make a point I was planning to get to: the rise in safety net spending over the past decade does not reflect an expansion of that safety net. Instead, it reflects two things: rising health care costs, and a terrible economic slump that has put many more people in need.”

“You really don’t want to fall into the Sharron Angle type thing of looking at soaring numbers of people on unemployment insurance and food stamps and claiming that this is the welfare state run amok. It’s the financial sector run amok, and pushing more and more people over the edge.”

Read the post here.



For media inquiries, please contact us at or 202-618-6433.

Contact Us

For media inquiries, please contact or 202-618-6433.

To sign up for our email newsletter, please visit this page.

This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

"* (Required)" indicates required fields

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact or 202-618-6433.


Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today