Please read Paul Jorian's blogpost regarding the implosion of the credit markets, the reasons, the influence of "The Chicago School" of economists whose assumptions continue to help us not understand how economies work, and "What it All Means".

Don't feel bad to reread each sentence, mouth-moving to form the words, just as I must do. Just read it. (plus it's fucking footnoted. My god, who footnotes a blog!!!????)

Here are some teasers:

The opener:

Bringiton, I think you're lumping the wildass speculation in No Quarter's comment streams with the relatively well-considered and sourced work Diamond has done. It's part of his job as a labor activist to fight the damage corporations have done in spreading the "Labor = Mafia/Corruption/Communists!" meme.

Read this post, and tell me he's not discussing the same subject as we are: How Obama's most feral handlers and supporters would really appreciate it if we stopped asking for solid reasons to support his campaign, and instead just give them our money and loyalty now, OK?