We all know about Orwell's "1984". Snowden did not reveal anything we didn't already deeply suspect.
There was a science fiction story that I read as a teenager that has been teasing me in much the same fashion. For years now, I've been secretly wondering if a fiction author actually hit on what is really ailing the world economy today, and hit on it fifty years ago.... I did not think that I could ever find it but lo and behold, google helped me out and here it is.
This should be required reading for Tyler Durden, Paul Krugman, Janet Yellen, and perhaps a host of other economists and folk ....and you might want to have a look, also ....
Frederik Pohl -- "The Midas Plague"
Thursday, November 28, 2013
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