The sabotage of US finance reform

"Policy, as ever, is geared towards growth because the great existential fear of the Federal Reserve, the Treasury and whoever occupies the White House is a return to the 1930s."

"Back then; the economic malaise could be largely attributed to deflationary economic policies that deepened the recession caused by the popping of the 1920s share market bubble. The feeble response to today's growth medicine suggests the US is structurally far weaker than it was in the 1930s." (Emphasis mine)

To tackle these weaknesses, finance's stranglehold over the economy must be broken - and a boost must be given to ordinary families' spending power to cut their reliance on debt.

via - Al Jezeera English