invisible hand....snort...

a thief can be masked, but you can sure tell your pocket's been picked when your wallet's gone.

first it's a prosthesis, and it's getting very clear what it's designed for!

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

I think that there is a vacuum waiting to be filled, and that the corollary to Joni Mitchell's line in "Big Yellow Taxi"

You don't know what you've got 'til it's gone

will apply.

ie you don't know what you haven't got 'til you see it.

As A R Geezer said recently, the US needs an updated Henry George

"The future is already here -- it's just not very evenly distributed" William Gibson

GIP

But by the time Geithner and Summers slide into the dustbin, will the remaining political environment be one in  which a true progressive plan can be installed? Or will the US be the Wiemar Republic all over again?

That is the question.  I would feel a lot better if someone could convincingly argue that all of the promises already made and currently on offer by Treasury and the Fed to AVOID acknowledging the scope of the problem can easily be dealt with and will not, themselves, undermine our ability to actually deal with the problem when we finally have to acknowledge its true nature.

"It is not necessary to have hope in order to persevere."