(ANTIMEDIA) The failures of government intervention in the economy have made headlines yet again. Recent stress tests by the Federal Housing Finance Agency found something sinister brewing under the surface at notorious mortgage giants Fannie Mae and Freddie Mac.
21st Century Wire says…
After the great crash of 2008, things went a little quiet for the first 24 months, but in the background nothing really changed. In other words, little or reform took placing to prevent a new housing bubble which many experts are warning is due to manifest this year or next. But that’s not the worst of it…
Bank Crimes Pay: Under the Thumb of the Global Financial Mafiocracy
By: Andrew Gavin Marshall
27 November 2015
Originally posted at Occupy.com
When a profession fails to deliver, people inevitably suffer. When that profession happens to be the study and practice of economics, the entire world suffers. The deluge of social and environmental problems brought on by humanity's endeavours to be 'economic' suggest that the economics profession is not just failing - its advice is proving mind-bogglingly destructive.
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