False Profits
Dean Baker nails it again…
It would difficult to imagine someone with a comparable record of disastrous failures being allowed to remain in most jobs. Would a nurse who routinely administers the wrong medicine and causes his patients to die be allowed to keep his job? Would a bank teller who leaves the cash drawer open remain in her position? How about the school bus driver who comes drunk to work?
In most lines of work, a certain level of competence is expected. Unfortunately, this is not the case for those who set US economic policy.
Also, it truly is a “Question of Priorities,” as Baker brings additional clarity and concision to the unnecessarily (and purposefully) convoluted economic situation, as well as detailing the negligence and even stupidity of the bank bail-outs, with this insightful interview.
Highly recommended.
