The U.S. Economy and Bad Government Policies
by Rodrigue Tremblay / August 1st, 2008
I think the [US financial] system is basically sound, I truly do.
– George W. Bush, July 15, 2008
Since 1951, the budget of the Department of Defense each year exceeds the net profits of all U.S. corporations. So, in finance capital terms, that means that the management of that budget controls the largest single block of finance capital resources.
– Seymour Melman (1917–2004)
The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.
– Ernest Hemingway (1899-1961), …
(Full article …)