Journal: Chuck Spinney Flags Jeff Madrick on Greed and Corruption in Form of Economic “Rents” in Form of Massive Unwarranted Bonuses and Salaries Among Wall Street, Federal Reserve, and Revolving Department of Defense Leaders
In the attached essay, my friend Jeff Madrick uses the unbridled greed of the finance industry (now trying to rescue itself from its own excesses by sucking at the government teat) to highlight the basic hypocrisy in the so-called free-market economy of go-go capitalism. Jeff summarizes the results of two recent mainstream economic studies which …
