This cartoon equivocates between two different types of
greed: one is the greed of capitalists who aim to produce
wealth, and the other is the greed of thieves who aim to
steal it by political means.
The cartoon is accidentally right in assigning the starring
role to money – the crisis is fundamentally a monetary
crisis, one ignited by money and credit expansion by the
Federal Reserve. For details, please see the following paper
by economist Roger W. Garrison: http://www.auburn.edu/~garriro/fedmess.pdf
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This cartoon equivocates between two different types of
greed: one is the greed of capitalists who aim to produce
wealth, and the other is the greed of thieves who aim to
steal it by political means.
The cartoon is accidentally right in assigning the starring
role to money – the crisis is fundamentally a monetary
crisis, one ignited by money and credit expansion by the
Federal Reserve. For details, please see the following paper
by economist Roger W. Garrison:
http://www.auburn.edu/~garriro/fedmess.pdf