LIES AND POLITICAL ECONOMY

David Korten suggested that the economy could do without Wall Street, if it returned to the golden age of local-based, often cooperative banking institutions. So what would happen to international trade?

The Occupy Wall Street movement, which has spread beyound New York raises broader questions.

Robert Reich deals with seven lies:

POSTSCRIPT:
Apparently Mayor Bloomberg received a letter from the owners of the Park saying it was dirty and required cleaning. He visited the area to announce a clean-up. Gothmist reports on this development to exclude the protesters from the park to which they have responded with a call to both clean up the park and to engage in nonviolent civil resistance.

The resulting fraca should delight Fox News.