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" "So let me get this straight: Extending additional unemployment benefits to out-of-work Americans during a pandemic will make them lazy and lead to socialism, but trillions in bailouts to Wall St. bankers and corporate execs is good for the economy?
Robert Bernard Reich (born June 24, 1946) is an American economist, professor, author, lawyer, and political commentator. He served in the administrations of Presidents Gerald Ford and Jimmy Carter, as well as serving as the United States Secretary of Labor from 1993 to 1997 in the cabinet of President Bill Clinton. He was a member of President Barack Obama's economic transition advisory board.
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The critical things to watch out for aren't the rare big events, such as the 2008 bailout of [Wall] Street itself, but the ongoing multitude of small rule changes that continuously alter the economic game. ... The "free market" is a myth that prevents us from examining these rule changes and asking whom they serve. The myth is therefore highly useful to those who do not wish such an examination to be undertaken.
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