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Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America Highlight

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In bubble economics, actual human beings have only a few legitimate roles: they’re either customers of the financial services industry (borrowers, investors, or depositors) or else they’re wage earners whose taxes are used to provide both implicit and explicit investment insurance for the big casino-banks pushing the bubble scam.

— Matt Taibbi

Replicated under Fair Use from Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America by Matt Taibbi.