I've been so busy I missed blogging two days in a row. I continue to be very swamped. I hope that changes soon.
So all I have for now is breaking news: the Russian ambassador to Turkey has been assassinated.
There's a lot to be said here, but for now I leave you simply with that.
If you're bored or disappointed by the lack of insight found in today's post, well, I can't blame you. Read Dean Baker's contrarian take on the Great Recession instead! It's great food for thought:
In any case, the argument that we would have faced a decade of double-digit unemployment had we not rescued Wall Street rested on a political assessment, not an economic one. There was no economic reason that large amounts of spending following a financial collapse would not have boosted the economy back towards full employment and without the albatross of an incredibly bloated financial sector.
Sounds like socialism to me!