Why Elite Frauds Cause Recurrent, Intensifying Economic, Political and Moral Crises

[Rajiv]

A Must watch! An hour long, but tells you the problems with the entire system.

As the concept of control fraud emerged from the S&L crisis, an expansion of Gresham's Law -- has begun to be sketched out by Bill Black --

It will no doubt emerge out of this depression.

Gresham's Law describes how "bad money drives out good." Expanding on that idea, what Black calls "A Gresham's Dynamic" operates similarly, when cheaters profit and "the dishonest drive out the honest."

This year's department- sponsored lecture, The Steinhardt, features Dr. William Black, University of Missouri-Kansas City.


Dr. William Black, University of Missouri-Kansas City.
Thursday, Feb. 18th, 2010, 7:30-9:00 PM, at the Council Chamber.
The title of Dr. Black's talk is: Why Elite Frauds Cause Recurrent, Intensifying Economic, Political and Moral Crises.

The video can be downloaded from here