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.
Michelle Fawcett Ph.D., is adjunct professor in the Media, Culture and Communications Department at New York University. She is currently traveling across the US covering the Occupy movement.