financialization
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China – Avoid the West’s Debt Overhead: A Land Tax is needed to hold down Housing Prices By Michael Hudson
How can China avoid the “Western financial disease” – a real estate bubble followed by defaults and foreclosures? The U.S. and European economies originally sought to avoid this fate by taxing the location’s site value. A rent tax was the focus of Progressive Era reforms. Continue reading
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Bernanke’s Financial Rescue Plan: The growing prospect of a U.S. default by Mike Whitney
There are myriad problems with Bernanke’s lending facilities which are nothing more than a crafty way of transferring wealth from the Fed to private industry via low interest loans. Continue reading
The New Dark Age 