I have a newspaper put out by our community in Madison ("community" meaning the whole freaking liberal town) and it's got an article with quotes from James Galbraith and William Stigli, two economists who are willing to tell the truth with a minimum of jargon.
Some matters involved in economics do not hardly even require any kind of technical talk or anything subtle or hard to get that we cannot figure out for ourselves. Of course you do need at least a third-grade education. Is that too much to ask?
For example what is the antonym of the terms one hears of or reads in the newspapers' accounts of our world, such as "toxic" or, James Galbraith says, "poison?" The proper antonyms are "exhuberance" , "hyperactive" and "bubble." "Hyperactive" and "exhuberant" (this is actually Greenspan's famous term) mean that you really, really want to get close to something and "poison" means you really, really want to avoid it.
They were printing free money and they were raking in free money an' that was the fake, toxic bubble that burst! It's really, really simple - once you understand it. It is most interesting, really, that the economists don't. And that's all I am going to say right here!
How much does it take before we realize these economists (some of these economists I should say) are bullshitting us? A failed bank ought to be nationalized. That is not hard to get, even if they won't "get it." Or is someone going to buy it? But why would you buy something that only represents money (and is a failure at that)? Give me a break. The economists have their (ahem!)
head completely up their asses. I guess that when you're in the dark crack hole of self-deception (as least Mr. Bush required the actual material drug substances) you just cannot see the money on the wall.
Message for the economists: You are in the dark. Take your head out of your ass and start thinking for a change.
All the words are lies. The language is fake. Why would anyone buy a business that is "toxic"?
It's an assault on language basically, not just on your pocket book. This is, in fact, a matter that I have probed to some degree.