Monday, March 30, 2009
Must Read: How the U.S. became a banana republic, & how we're all gonna pay & pay
Simon Johnson, the former chief economist of the IMF, calmly and clearly explains how the so-called greatest nation in the world (i.e. us) turned into a banana republic, and how all of us a paying the price for the misdeeds and misthoughts of those at the top. The villain? A culture and political philosophy that worshiped Wall Street. Mental Health Warning: His prognosis for the future of our economy is chilling.