We Didn't Do It

Whether it’s Bernanke slashing and burning the economy to a devaluation of Third World proportions, or Gordon Brown nationalizing the very real costs of greed and fear, the problem is the same: the DNA of the financial system is in near-total decay.
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Economies that are run this way – to transfer value from poor to rich, rather than create value – end up in a single, bad, equilibrium: stagflation/hyperinflation.
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So here – as plain as a sunny June day – is the fourth horseman of the macro crisis: instead of organizing and managing the financial system for value creation, the pliance and complicity of governing bodies in organizing and managing it so wealth is transferred from those who need it most, to those who need it least (and who are willing to abuse it most).

generation blase