Simon Johnson is a professor of entrepreneurship at MIT. In this video he explains that the financial crisis is no accident but a continuing cycle in which the big banks get ever richer and more powerful. He does not seem to recognize the debt imperative and growth imperative that is a feature of our debt-money and banking system but his charts clearly show its effects.–t.h.g
The End of Money…
My latest book, The End of Money and the Future of Civilization , can be ordered from Amazon.com , or your local bookstore. You can also read a preview at Google Books.To order signed copies of my previous books, click on the title below:
Money: Understanding and Creating Alternatives to Legal Tender
Beyond Money- Newsletter — Spring, 2020 March 15, 2020My latest article, Riding the Populist Wave The Economics of Peace, Justice and Sustainability How can the next world war be averted? System change demands economic change–building the Open Credit Network Swami Beyondananda Switch: How to Change Things When Change Is … Continue reading →
- Riding the Populist Wave March 9, 2020This, my latest article, points out that capitalists now admit that the system is “rigged” in their favor; it argues that Trump and Sanders represent two edges of the populist wave that is now dominating U.S. politics, that a Sanders … Continue reading →
- The Economics of Peace, Justice and Sustainability March 5, 2020This video is based on a presentation I gave at the Economics of Peace Conference in Sonoma, California in October, 2009. My prescriptions for reclaiming the credit commons and creating a new “butterfly economy” remain completely relevant, and their implementation … Continue reading →
- Tulsi Gabbard calls for reforms of US voting system February 7, 2020These measures represent a step toward true democracy and a secure balloting system. Open Primaries. Transitioning to open primaries in every state, away from our broken and egregiously expensive caucus system, and getting rid of the influence of superdelegates Same-day … Continue reading →
- The Exchange Revolution January 27, 2020In November of 2009, I gave a presentation at the conference on Michigan’s Future Energy, Economy & Environment, at Crystal Mountain Resort in Thompsonville, Michigan. More than 10 years later, this presentation is still timely. Ken Freeman has recently augmented … Continue reading →
- New Year’s Newsletter — January 2020 January 18, 2020The dirty secret of capitalism — and a new way forward In this TED talk, billionaire businessman, Nick Hanauer debunks the assumptions of neo-liberal economics and shines light on the path toward a new economics that promotes a more sustainable, … Continue reading →
- “Everything’s up to date in Kansas City,” including free public transit December 13, 2019On December 5, the Kansas City council voted unanimously to make city bus routes fare-free. While the city’s light rail has been free for some time, fare-free service will now be extended to include all bus routes. Well, it makes … Continue reading →
- Fasten your seat belts… December 5, 2019In his current subscription pitch and announcement for his new book, PEAK TRUMP: The Undrainable Swamp And The Fantasy Of MAGA, David Stockman lays out some startling facts, provides a cogent analysis, and makes some dire predictions. As President Ronald … Continue reading →
- Latest news from Thomas Greco — November 2019 November 27, 2019In this edition: The End of Money and the Future of Civilization now published in Spanish There once was a river …an allegorical tale My latest interview on Ellen Brown’s podcast, It’s Our Money California passes Public Banking Act into law … Continue reading →
- There once was a river …an allegorical tale November 18, 2019Written and narrated by Thomas H. Greco, Jr. There once was a river that flowed through an arid land, and though rainfall was scant and infrequent, the river provided an abundance of cool, fresh, sweet water with which the people … Continue reading →
- Newsletter — Spring, 2020 March 15, 2020
