One of the reasons for embarking on this blog was my frustration at watching various sections of society blame each other for the global financial crisis. It has been extremely divisive. It is also potentially dangerous. Ascribing blame provides moral justification for the heartless attitudes and cruel behaviour that we are seeing in Europe.
All this is pointless as it misses the real problem, which is the profound misunderstanding of modern monetary systems that lies at the heart of mainstream economic thinking. It is a human failing but the blame for this needs to be widely shared. Our responsibility as citizens is to educate ourselves and, once we understand, educate others. If we do not do this then we have only ourselves to blame.
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