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.
Gar Alperovitz is the co-founder of the Democracy Collaborative, and the author, most recently, of What Then Must We Do? Straight Talk About The Next American Revolution (Chelsea Green, May Day 2013).