The REAL Looting Is Happening On Wall Street … Not In Ferguson, Missouri. Who Are the Worst Looters? The looting in Ferguson, Missouri is inexcusable. The hoodlums – apparently out-of-towners – are not only stealing and destroying private property for no good reason, but they are giving the peaceful protesters against the shooting of Michael Brown a bad name, and provoking an armed (and over-militarized) response by the police. But let’s put things in perspective … Nobel prize winning economist Joe Stiglitz and well-known economist Nouriel Roubini say that we’ve got to jail – or perhaps even hang – some bankers before they’ll stop looting the economy. Nobel prize winning economist George Akerlof has demonstrated that failure to punish white collar criminals – and instead bailing them out- creates incentives for more economic crimes and further destruction of the economy in the future. Read more: washingtonsblog/2014/08/looting.html
Posted on: Tue, 30 Sep 2014 21:25:15 +0000