Tag: moral hazard

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Why is wealth/income inequality soaring? The easy answer is of course the infinite greed of Wall Street fat-cats and the politicos they buy/own. But greed can’t be the only factor, for greed is hardly unknown in the bottom 90%. The…

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According to polls, the majority of Greek citizens want the benefits of membership in the euro/EU and the end of EU-imposed austerity. The idea that these are mutually exclusive doesn’t seem to register. This is the discreet charm of magical…

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