The pseudonym "Philo Vaihinger" has been abandoned. All posts have been and are written by me, Joseph Auclair.

Thursday, May 7, 2015

Bernie the Bank Buster!

‘Too Big to Exist': Sanders Introduces Bill to Break Up Big Banks

This is a very useful test.

In the period before the crash of 2008, under the leadership of economists devoted to the ideas of Ayn Rand, it became the dominant right wing view and the view of the Fed that a business could never be too big.

In the immediate aftermath of 2008 that idea was in turn discredited in the public discourse, but not a lot was done about the problem.

If we have now come so far from 2008 that the Big Media can actually greet Bernie's move with ridicule, as is likely, that will make it crystal clear to any doubters who owns these "free presses."

And the Democrats?

This is an easy call for any progressive.

So I'm not entirely sure of the reactions of Obama, Hillary, and a lot of the others.

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