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Tuesday, March 26, 2013

Repeat This Message Weekly, Until it Sinks In. "Taxes Don't Fund Fiat."

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Commentary by Roger Erickson Introducing Peasant's Logic Concerto , a Political Movement in Three Parts. Question #1: How many times...
39 comments:
Monday, March 25, 2013

"He may be a Central Banker, but he's THEIR Central Banker."

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Commentary by Roger Erickson Bernanke says Fed's easy policy benefits world economy World Economy? What about OUR citizens and OUR g...
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Benjamin Bidder — Cyprus Fallout: Moscow Accuses Euro Zone of Theft -- and Worse

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The verdict of Russian state television on Europe's effort to save Cyprus was damning. The last week "will enter the history books...
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Enclosure in Bolivia, literally

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During one of the three visits made by IPS to El Jatatal since October, local resident Tito Romero said that on one occasion, a group of ar...
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Dean Baker — Senate Unanimously Votes Against Cuts to Social Security: Media Don’t Notice

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There are few areas where the corruption of the national media is more apparent than in its treatment of Social Security. Most of the elite...

Michael Lind — How to Defeat Useless Rich Moochers

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In two previous columns, I argued that left and right alike are confused by a failure to distinguish productive businesses that sell innova...
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Kevin Drum — Some Miscellaneous Monday Morning Poll Results

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The most interesting result: " Democracy Corps pollsters asked people to name their two most important political concerns. Answer: (a)...
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Sophie Quinton — The Trader Joe's Lesson: How to Pay a Living Wage and Still Make Money in Retail

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Companies that invest in higher salaries for low-level employees find success in a competitive market The Atlantic The Trader Joe's Le...
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In 20 Years, No More Humans Doing Repetitive, Automated Work?

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Commentary by Roger Erickson A Last Smile and a Wave [from human cashiers] for Bay Area Commuters (Hat tip Steve Hansen ) Are cashiers...

John Carney — The Secret to SAC's Returns May Be Weirdness

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What could make stock arbitrage too costly for certain stocks? Probably the most common thing would be weirdness. When a stock is very weir...

Trond Andresen — Improved macroeconomic control with electronic money and modern monetary theory

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Abstract  This paper combines the concept of electronic money (no physical currency) with Modern Monetary Theory (MMT). It argues – based...
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Incoming Vice-Chairman of Morgan Stanley, Gary Kaminsky, doesn't seem to know a whole lot about anything

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Gary Kaminsky is the incoming Vice-Chairman of wealth management at Morgan Stanley. In this interview he states: "Interest rates wil...
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Sunday, March 24, 2013

Al Jazeera — Cyprus clinch last-minute bailout deal

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EU finance ministers have agreed a deal on a bailout for island nation to prevent its banking system collapsing. No general deposit levy. ...
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Lord Keynes — Mises on Mixed Economies and Socialism: He is Incoherent

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Just reading Human Action on these issues, it is astonishing to me that anyone can ever declare that Mises was the greatest economist who e...
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Bill Mitchell — A chicken in every pot!

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Bill takes down the foundation of neoclassical economics, equilibrium at full employment. Neoclassical economics posits equilibrium at full...
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Lord Keynes — US Inflation Rates (1946–1987), Keynesianism and Stagflation

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Lord Keynes explains Seventies stagflation in terms of 1) wage pressure due to increased labor bargaining power, 2) dismantling of commodit...
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Frances Coppola — The broken Euro

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Imagine you live in a prosperous country, with a lovely climate, beautiful beaches, blue seas. But there's something funny about this c...
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Osborne's folly — get rid of automatic stabilizers to control deficits

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It’s impossible to arrive at the right treatment if your diagnosis is itself pathologically crazy. Starting in a few years’ time, [George O...
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Unlearning Economics — Yes, Libertarians Really Are Lazy Marxists

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I have only really just started studying Marxism in depth (though I am stopping short of Capital for now). Subsequently, while reading Bert...
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Why Let Foxes Set Henhouse Security Penalty Fees?

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Commentary by Roger Erickson Witness yet another local feud over asset allocation. This one's between bank-service-providers & merch...

Andrew Leonard — A libertarian nightmare: Bitcoin meets Big Government

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There’s a contradiction at the heart of Bitcoin. The more popular Bitcoin gets, whether as a symbol of resistance or a perceived safe haven...
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"Deficits do matter, but not how you think" — Interview with Stephanie Kelton

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InvestmentNews: Does the federal government ever need to cut its deficit? Ms. Kelton: The private sector should decide that. The public s...
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Saturday, March 23, 2013

Glenn Greenwald — Why Noam Chomsky Is the Subject of Relentless Attacks by Corporate Media and Establishment 'Intellectuals'

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The book on which I'm currently working explores how establishment media systems restrict the range of acceptable debate in US politica...
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Outrageous: David Cay Johnston Explains How Big Corporations Withhold Your Taxes and Then Pocket Them

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Nobody has done more to expose the infinite ways in which the American economy is rigged to benefit those at the top than Pulitzer Prize-wi...

Merijn Knibbe — Deutsche bank: fifteen shades of fraud

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I was a little fed up with the stories about banksters from Cyprus. How about Deutsche Bank, the largest bank of Europe, darling of the Ger...

Alexander Reed Kelly — Have You Heard of Bitcoin? (video)

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“Bitcoin is to banks what email was to postal offices,” says Mihai Alisie, editor of Bitcoin Magazine.... "It as the potential of bein...
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Haley Sweetland Edwards — He Who Makes the Rules

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Barack Obama’s biggest second-term challenge isn’t guns or immigration. It’s saving his biggest first-term achievements, like the Dodd-Fran...

Michael Sankowski — The Mass Psychology of Austerity

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Mike riffs off Simon Wren-Lewis and Paul Krugman on an explanation of austerity and continues to wilhelm Reich on the origin of authoritari...
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Friday, March 22, 2013

David Christian — The history of our world in 18 minutes (video)

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The history of our world in 18 minutes - David Christian The story of complexity.

Interview with Jens Weidmann, President of the Deutsche Bundesbank

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Why the euro is doomed, or else Europe will implode politically. Yep, it's the  inflation-phobic Germans. Zero Hedge German Central...
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