False friends and false money:

Chris Hedges and the limited-hangout approach to financial crimes

False friends and false money:

Chris Hedges and the limited-hangout approach to financial crimes

Emanuel Pastreich

Independent Candidate for President

Howard Switzer

Economist  

March 16, 2024

Emanuel Pastreich and Howard Switzer discuss the limited-hangout manner in which a large number of self-appointed “truth tellers” approach economic crimes, and why they prefer to stress how rich people are mean to ordinary people rather than the concrete mechanisms by which banks make up money out of thin air for the rich and the rich then use other people’s money for their schemes.

The discussion begins with a consideration of a recent Chris Hedges Report in which he talks with Gretchen Morgenson about her book Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon (Times Books)

(link)