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.
Michael Winship is senior writer of the new weekly public affairs program, "Moyers & Company," airing on public television. Check local air times or comment at www.BillMoyers.com.