2009 - Page 2 of 2 - Emile Woolf writes

Now we know: the ‘booming’ economy was a huge Ponzi scheme

Now we know: the booming economy was a huge Ponzi scheme Bernard Madoff’s $50 billion Ponzi fraud is now legendary. Yet the fabric on which our entire credit explosion rested was just as illusory as Madoff’s investment fund. It existed in appearance only. The toxic financial instruments, so neatly packaged by investment houses before being […]

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Getting the economy going: cut public sector waste and transform taxes

Getting the economy going: cut public sector waste and transform taxes By now the causes of the economic crisis, and the course of its swift global trajectory, have been explored ad nauseam. But while its bitter consequences are being experienced for a year or three there is much that governments can learn from enforced austerity. […]

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