“... toxic derivatives were underpinned by toxic economics, which, in turn, were no more than motivated delusions in search of theoretical justification; fundamentalist tracts that acknowledged facts only when they could be accommodated to the demands of the lucrative faith. Despite their highly impressive labels and technical appearance, economic models were merely mathematized versions of the touching superstition that markets know best, both at times of tranquility and in periods of tumult.”
― The Global Minotaur: America, Europe and the Future of the Global Economy
― The Global Minotaur: America, Europe and the Future of the Global Economy
“General Motors is alive and kicking today, it is because in 2009 President Obama’s administration wrote off 90 percent of its debt.”
― And the Weak Suffer What They Must? Europe's Crisis and America's Economic Future
― And the Weak Suffer What They Must? Europe's Crisis and America's Economic Future
Ben’s 2025 Year in Books
Take a look at Ben’s Year in Books, including some fun facts about their reading.
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