Moochers Against Welfare. To a Third Way Consensus - Joseph E. Stiglitz. Skip to navigation Skip to main content Log in/Register Please log in or register to continue. Registration is free. required Please enter your email address and click on the reset-password button. By proceeding, you are agreeing to our Terms and Conditions. or Sign in with Your Institution. Marriage Suits Educated Women. Case-shiller-chart-updated.png (PNG Image, 1017x778 pixels) - Scaled (82%) Eight Leading Economists Sound Off on Europe's Fiscal Woes.
Schumpeter: The dangers of demonology. HURLING brickbats at bankers is a popular pastime. The “Occupy Wall Street” movement and its various offshoots complain that a malign 1%, many of them bankers, are ripping off the virtuous 99%. Hollywood has vilified financiers in “Wall Street”, “Wall Street 2”, “Too Big to Fail” and “Margin Call”.
Mountains of books make the same point without using Michael Douglas. Anger is understandable. The financial crisis of 2007-08 has produced the deepest recession since the 1930s. Most of the financiers at the heart of it have got off scot-free. The biggest banks are bigger than ever. But is the backlash in danger of going too far? Scorn for moneymen has a long pedigree. For centuries the hatred of moneylending—of money begetting more money—went hand in hand with a hatred of rootlessness. This prejudice has proven dangerous. The rise of banking has often been accompanied by a flowering of civilisation. Prejudice against financiers can cause non-economic damage, too.
Caged emotions. Federal Reserve Economic Data. The Economy and the Economics of Everyday Life - Economix Blog.