The stock market crashed on August 5: a new Black Monday. What caused it? Is the USA on the verge of a new financial crisis? Economist Michael Hudson to discusses the volatility and economic turmoil.
Would it be possible to publish an alternative set of income and product accounts or even a correct GDP that has the financial overhead subtracted out instead of added in? So at least the figure is out there somewhere?
I have always enjoyed and learned much from GE and Prof. Hudson's commentary but will not waste my time reading about so-called stock market crashes. If anything, a total meltdown and permanent death would be welcome news and may save us from worse future catastrophes, such as the portentous future abuse of AI among brilliant, but morally adolescent, minds.
Would it be possible to publish an alternative set of income and product accounts or even a correct GDP that has the financial overhead subtracted out instead of added in? So at least the figure is out there somewhere?
I have always enjoyed and learned much from GE and Prof. Hudson's commentary but will not waste my time reading about so-called stock market crashes. If anything, a total meltdown and permanent death would be welcome news and may save us from worse future catastrophes, such as the portentous future abuse of AI among brilliant, but morally adolescent, minds.