Jim Grant's "Requiem for the Dollar"

[raja]

Re: Jim Grant's "Requiem for the Dollar"

So my point is, I seem unable to make sense of where the problems really lie and I'd really like to know: what's the platform? What is the change you're arguing for?

Some ideas:

1. Reverse the progressive impoverishment of the middle class.

2. Prevent money interests from controlling the outcome of elections and legislation.

3. Close the revolving door between government and business, especially regarding regulatory agencies.

4. Stop the Financial Elite from gambling with public money.

5. Eliminate moral hazard in finance.

6. Get rid of tax loopholes for the rich and corporations.

7. End corporations' legal status giving them the rights of individuals. Enforce laws making corporate leaders personally responsible for illegal activities.

8. Keep the internet free.

9. Cap the deficit with a constitutional amendment.

10. Get rid of the Fed; money creation by the government not the bankers.

11. Require entertaining high school classes in current economic issues and how to manage personal finance.

12. Reinstate Glass-Stegal.

13. Appoint government economic advisers according to past record, not Wall Street connections, i.e., switch to meritocracy.

14. Create an Economic Bill of Rights, guaranteeing adequate shelter, work, food and education for those willing to work.

This list is off the top of my head, and written out quickly. Not a finished piece.

[oddlots]

Re: Jim Grant's "Requiem for the Dollar"

Nice list. Thanks for the response.