Friday, December 17, 2010

Wealth And Power Trumps Facts

"In the end, those of us who expected the crisis to provide a teachable moment were right, but not in the way we expected. Never mind relearning the case for bank regulation; what we learned, instead, is what happens when an ideology backed by vast wealth and immense power confronts inconvenient facts. And the answer is, the facts lose."
Paul Krugman, Wall Street Whitewash

Posted via email from liberalsarecool.com

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