Saturday, December 22, 2012

Washington's Blog — The Lie that Prosecuting Bank Fraud Will Destabilize the Economy Is What Is REALLY Destroying the Economy


Good summary linking to principal critics like Joe Stiglitz, Jamie Galbraith, George Akerlof, Robert Shiller, and Bill Black.

What is often not mentioned and passed over in silence is that a double standard of justice, one for the privileged and another for "the little people" lowers the moral tone of the society and results in increased disregard for law and authority as being illegitimate. This is destabilizing for society.

Washington's Blog
The Lie that Prosecuting Bank Fraud Will Destabilize the Economy Is What Is REALLY Destroying the Economy

1 comment:

John Zelnicker said...

Just a quick callout for my alma mater, the Wharton School of Business, for getting something right in this whole mess.