The Dayton Grassroots Daily show v. 26 presents a discussion of this post: http://market-ticker.denninger.net/archives/1752-There-Is-No-Way-Out-Of-This-Box…..html from the site The Market Ticker by Karl Denninger.
Greg Hunter likes to make sweeping generalizations blaming “Harvard grads” for making this financial mess- I prefer to place the blame on a political system run amok, with candidates serving the biggest donors (which in reality may be one and the same- no FEC database lists your educational vitae).
One way or another, easy credit has cost us a lot, and will cost our kids and their kids, on down the line. So what do we do now to fix things? Greg argues for privatizing street maintenance. I prefer the efficiencies of regionalization, and enforcing usury laws.