“What horrifies me is that you’ve got a financial system designed by neoclassical economists.”
Numerous “proper” economists have attacked the sacrilegious suggestion that it would be possible to reverse the money creation flow by bailing out the debtors first, – not the banks. No wonder the (Swedish) central bank(s) stole into the prestigious Nobel price to reward the subservient economic priesthood.
However, doing the same thing over and over, expecting different results is the definition of “proper” economists, – or was it insanity?
Reading Debunking Economics – The Naked Emperor Dethroned? should be a pleasurable experience for everyone, except for hypnotized chickens of course.
Debt: The First 5,000 Years
The Lost Science of Money
Economic Hit Man