The headline sound like an exaggeration, but this is exactly what Paul Krugman has alleged today:
“$400 billion a year in waste, fraud and abuse.
But the costs of America’s Ponzi era surely went beyond the direct waste of dollars and cents.
At the crudest level, Wall Street’s ill-gotten gains corrupted and continue to corrupt politics”
Amazing.
Two things.
1) Thanks for ‘Smashing Telly’ it’s provided a great deal of entertainment, enlightenment and (needed) distraction over the past couple of months.
2) Krugman’s right.
Cheers