Economic Crisis

March 26, 2010

To the Editor:

Re: The Return of History, David Brooks (March 26, 2010)

The immediate fallacy future economic archaeologists will uncover when excavating the recent “economic crisis” is the vulgar malapropism of its very description. Besmirching the word economics by assigning it the central role in what was one of history’s most blatant and vindictive conspiracies of greed and fraud degrades the science of economics and surely alarms etymologists.

While economics played a supporting role, its sister social sciences history and criminology were the more likely stars of this shameful Wall Street drama. The dismembering of Depression era regulations and the prostitution of the credit infrastructure by both political parties allowed morally and ethically bankrupt financial firms to unscrupulously plunder the country’s and Main Street’s future.

More distressing is that nothing has changed as Wall Street’s evil gnomes continue to concoct nuclear grade financial I.E.D.’s to enrich themselves regardless of the damage to the country and its citizens.