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October 7, 2011

MUST READ

“Confronting the Malefactors” is a must read in today’s New York Times thanks to Paul Krugman, who asks “what can we say about the [Occupy Wall Street] protests? First things first: The protesters’ indictment of Wall Street as a destructive force, economically and politically, is completely right.” 

There is simply one concise observation after another, including:  the financial meltdown “experience has made it painfully clear that men in suits not only don’t have any monopoly on wisdom, they have very little wisdom to offer. When talking heads on, say, CNBC mock the protesters as unserious, remember how many serious people assured us that there was no housing bubble, that Alan Greenspan was an oracle and that budget deficits would send interest rates soaring.”

Read the full story here

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