Too Big To Be Useful

Protests continue on Wall Street and around the nation calling for a vague program of reform.  Polls continue to show that the effort is popular, with opinion against Big Government even stronger than feeling against Big Business.  It seems that after many years we are beginning to develop the courage to make small plans once again.

At the heart of it all is 30 years of an applied theory, a history that appears to be discredited but never been properly repudiated.  As we move past the dogma of Supply-Side economics there is a lot more than government taxing and spending policy to clean up.  There are the banks whose turf is being occupied today, those that are beyond Too Big to Fail and well into Too Big to Understand and simply Too Big.  They got that way the same way our government did – by leaving common sense and history behind.

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