Some hard questions on political economy

By: Paul Cella (Diary)  |  November 12th at 10:55 AM  | 

Perhaps the simplest way to describe the difference is to say that if you’re in business enterprise, you’re exposed to very high risk of failure and bankruptcy, while if you’re in finance capitalism, you’re protected from such risks by means of an astonishing proliferation of machinations and arcane subtleties. What if virtually every variety of debt security were still overvalued? What if, to put it | Read More »