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Monday, September 29, 2008

FromDC2Iowa: Alternatives to "The Plan"

Excerpted from this post at FromDC2Iowa

What are we to make of the money changers in the temple, worshipers at
the alter of "the free market," overturning their own tables, leaving
the temple, and following the anti-Christ through the desert to the
land of socialism? Many of my favorite radio programs come from the
BBC World Service. The most relevant today -- as 100 million American
families are each about to add an additional $7000 in debt by this
evening to what they already owe for homes, cars, credit cards and
student loans -- is this week's "Global Business" with Peter Day. The
program pretty consistently offers a weekly look inside that enormous
wad of chewing gum we call "business" that results in creative
insights not likely to be found elsewhere in the business media. There
was a time when banks provided capital for goods and services --
people who grew things, or manufactured things, or sold things, real
things you could hold as well as services to a consumer economy.

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Mike Schramm
Andy Szal

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