Read Of The Week

This week’s read comes from Vice Online and it is an explosive read to say the least. Vice’s Greg Palast discusses a certain memorandum that highlights how the global financial crisis unfolded. Certain events seemed to have been choreographed in order for the period of unfettered market capitalism to go unregulated around the world.

I’ve covered the global financial crisis many times on this blog, my piece here, where I elucidate certain facets about the shift in rhetoric about government spending and on this post I display the brilliant documentary from Adam Curtis about the global financial crisis. If you have not seen it, please do. The article from Vice will make even more sense as many of the people in question are featured.

http://www.vice.com/en_uk/read/larry-summers-and-the-secret-end-game-memo

Read of the week

 

This week’s read is from Paul Krugman’s blog and he touches on some prominent economists, Milton Friedman and John Maynard Keynes. Both transformed economics and Krugman alludes to the notion that Keynesian policies are still being discussed, whereas Friedman policies are not as relevant today. Many will suggest otherwise, but Prof Krugman argues his point nonetheless.

http://krugman.blogs.nytimes.com/2013/08/08/milton-friedman-unperson/?_r=0