Tag Archives: simon johnson

Prof. Simon Johnson on the (Financial) Doom Cycle

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