Paul Krugman: The Fed is not a rogue trader and historical norms for interest rates aren't relevant in a persistently depressed, deleveraging economy. But traders continue to lash out and claim, "It's all fake!"
The citizens' ballot initiative or referendum, created in the first Gilded Age to counter plutocratic governance, is overmatched in new Gilded Age.
Helen Redmond is an independent journalist. She writes opinion for Al Jazeera English and writes about health care and the war on drugs for Socialistworker.org and the International Socialist Review.