• sandyt commented on the blog post CEOs Push Back Against Misinformation on CNBC

    2012-04-28 09:28:20View | Delete

    For the American right and the European bankers, austerity is not a problem. On the contrary, it is the policy objective.

    A feature, not a bug! Paul Krugman is constantly denouncing their stupidity, but I don’t think they’re being stupid.

    Working CEOs want more demand, but finance capital is afraid of it, I think. Mass poverty increases their power over society and forestalls the risk that inflation might someday, somehow erode their asset values to some negligible degree.

    I do think Kramer is being stupid to try to get working CEOs to help him flack, but that’s not a surprise, is it?