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Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

Message: Auguries — Inertia Creeps
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Auguries — Inertia Creeps

September 16, 2011

By Kevin Michael Grace

Three years after the bankruptcy of Lehman Brothers and the beginning of the global economic crisis, it is remarkable how little is different. Many of our world leaders have changed, but they get their marching orders from the same bankers and economists, with the result that there is a continuity in their policies—nominal interest rates, stimulus direct and indirect, a vast increase in the money supply, a vast accretion of debt.

Despite this intervention, the recovery has stubbornly refused to appear, and unemployment remains stubbornly high. This is regrettable, according to the bankers and economists, but there was no alternative to their policies, as the consequences of their failure to act would have been unthinkable. Well, they would say that, wouldn’t they? Even so, one detects a note of dread in their recent pronouncements.

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