Financial HeadlinesThe purpose that trendy economics has turn into so complicated is that it has attempted to obscure this simple fact behind a fog of distraction in order to conceal the processes by which a very few folks have turn into increasingly more obscenely wealthy, whereas the remainder of us are being squeezed to the point of desperation.

There would still be the same incentives that now we have at present – to get wealthy, or to do something fulfilling, something you take pleasure in, and so forth. I do not suppose it is a lack of initiative or drive that’s causing today’s unemployment. People didn’t instantly grow to be lazier when the monetary crisis cost us a bunch of jobs.

The VEBA was most likely the biggest creditor GM had and so they only obtained forty cents on the greenback. The suppliers got one hundred{a8a7c0c75a892bb8bf887b7160bac7ed787d679c6f45307e8684b3084029c003} of their unsecured debt. I …

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