1.0 link 230859 <![CDATA[California Currency? A Taste of Things to Come Unless Percora II Helps Us Leave Discredited Economic Dogma Behind]]> http://www.huffingtonpost.com/marshall-auerback/california-currency-a-tas_b_230859.html As California's IOUs signal desperation, Roosevelt Braintruster Marshall Auerback suggests that a Pecora-style Commission could help the public recognize the folly of past economic dogmas that led us into this mess.

At first glance, there would appear to be little connection between California's mounting fiscal crisis and the renewed calls for a new Pecora Commission. But just as the original Pecora Commission created the conditions for a final discrediting of the prevailing ideology that had led to the Crash of 1929...

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