Indifference to economics does not explain the prominence of Phil Gramm in the McCain campaign during the U.S. financial crisis. Indifference to the folks losing their homes is a more plausible explanation.
When the political leaders of the most powerful countries get together and issue joint statements, it may be worth looking at what these planetary stewards have in mind.
More and more consumer-oriented contracts have clauses specifying that disputes must go to arbitration rather than our civil justice system. But 98.8% of arbitrations end in favor of the corporations.
Former Texas senator Phil Gramm is McCain's economic brain, and the current economic crisis is not the first one made possible by Gramm's sneaky commodity futures act of 2000.