Published on Washington’s Blog, by blog owner, July 10, 2011.
I’m reposting this essay from last year in light of the Italian, Greek, Portuguese and other European debt crises. For background on the Italian economic crisis which is front-page news today, see this, this and this. In addition, … keep in mind that failure to prosecute fraud is another major reason that Europe is crashing … And economics professor Michael Hudson says … (watch the video … and continue listening the other videos coming automatically, if you remain on the page) … (full long article with many more links).
(My only comment about this huge mess: … what here is running is the elimination of the stupids, otherwise called natural selection).