I’ve got another new piece posted over at Arthur Magazine. Here’s how it starts:
I’ve received a ton of great email and response from this week’s piece on letting the banks die and letting the market go down another 70 percent. My commentary also generated some confusion, though, so I’d like to clarify and expand on a few points. (I’ll do this again on WFMU Monday evening, when I’ll have the opportunity to take some calls and actually converse.)
First off, and I can’t stress this enough: Commerce is good. Commerce is not the problem. Monopolies are.