The Law LIBOR Scandal Again Points to Systemic Corruption in International Banking System

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John Kenneth Galbraith agreed with the Keynesian view that one day society would be in a financial position where we could work fewer hours, devote more time to leisure and where inequality would diminish. That was a view from the 1950s when he wrote his influential work "The Affluent Society." Urban Studies Scholar Mike Berry revisits Galbraith's work in a post-global financial crisis economy where inequality is increasing.


There was an interesting radio program on Galbraith last evening. A famous economist, he worked many years in the white house. Until a disagreement over Vietnam. Later in life he became sad and depressed by the mystical qualities of the central banks that are working for the betterment of the worlds most powerful (apparently).

Berry is quite articulate.

recommended listening; from this humble nutcase at least ->

http://www.abc.net.au/radionational/programs/latenightlive/the-affluent-society-revisted/6381258


Stop it CR, only nutcases hate the Fed and want the gold standard reintroduced.

for the sake of clarity; I don't 'hate the Fed', i don't mind being branded a nutcase
 

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