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.
Ira Chernus is Professor Religious Studies at the University of Colorado and author of MythicAmerica: Essays. He blogs at mythicamerica.us, hosted by History News Network.