The chattering classes that dominate the airwaves and editorial pages in the US and Western Europe generally spend their time talking politics and social issues, ignoring those of us who toil in the market or making things for a living. Usually the closest these pundits get to economics involves wringing their hands over global warming or worrying about working conditions in the emerging world. But the recent global market crash has changed all that, as the audience and the pundits themselves have watched their wealth and rosy plans for the future shredded by the mad cyborgs that once were our major banking institutions and insurance companies.


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