The Quiet Coup

[Marcus Bryant]

The Quiet Coup
by Simon Johnson
The Atlantic Monthly

"The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time."

His blog, The Baseline Scenario, isn't too bad either.

[DarkReign]

http://www.spurstalk.com/forums/showthread.php?t=120870

...not to be a .

[Marcus Bryant]

Cool. Considering it's in the May issue I didn't think it'd been out long.