One of the lessons of the current crisis in our economy is that the ‘free-market’ ideology of the right wingers is not a serious long term proposition: constant deregulation, which is designed to ‘free’ the market and let it find its own way, has led us into the current malaise. Apparently no one bothered to […]

For those of you who are oblivious to the desperate nature of our economy: the State of California announced today that it was experiencing financial difficulties and may need to be bailed out. The problem seems to be that the state cannot get its usual short term loans from banks to cover the budget shortfall […]