money money money
Perhaps I should create a new blog section called 'Rambling' since this post does not really qualify as a 'finding' per se, though it is based on sources I've read recently.
The last several weeks have been a shock to anyone interested in the soundness of the U.S. financial system -- that 'anyone' is, directly or indirectly, knowingly or by extension, almost everyone in the world. For Americans and non-Americans alike that interest in the U.S. economy comes from a dependence that becomes most clear at times of crisis.
“The needs of our economy require that our financial institutions not take this new capital to hoard it, but to deploy it,” - Henry Paulson quoted in NYT
Print your own money (Boing Boing)
Will this lead to a "Newer" Deal? A social leash on the capital market? Or a more forward-thinking ideology of investment and marketing? I have no idea what the right path is, but I believe that now is an opportune time to fundamentally reconsider the way finance operates -- and hopefully step off into a new bright path.
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