But if Galbraith stood out on the panel, it was because of his offbeat message. Most viewed the budget surplus as opportune: a chance to pay down the national debt, cut taxes, … Continue reading Modern Monetary Theory is an unconventional take on economic strategy

Verizon is buying AOL. I wonder if they’ll still charge old people $22/mo for their forgotten dial-up accounts – which account for pretty much all of AOL’s revenue. Source: AOL still has … Continue reading Verizon buys AOL with 80% of its revenue from forgotten dialup accounts

When the courts ruled NSA domestic spying illegal last week, it was the plain fact of that surveillance that was most important. But it also means that whistleblower Ed Snowden, cast as … Continue reading Snowden vindicated – Can come home now! (Not)

The Harper government is signalling its intention to use hate crime laws against Canadian advocacy groups that encourage boycotts of Israel, Neil Macdonald reports. Such a move could target a range of … Continue reading Oh oh, boycott Israel in Canada, go to jail!

After World War II, government policy was to make sure people had jobs, and it did what it could to make sure that happened. Corporations saw their profits rise and they shared those profits … Continue reading Keynes on Economists’ Heads Fuddled with Nonsense

How thoroughly did the Great Recession savage middle-class America’s finances? Economist Edward Wolff will tell you. The New York University professor has updated his long-running analysis of wealth in America to include … Continue reading Household wealth

Australia’s electronic espionage agency is a partner in a massive United States-led assault on internet security and privacy, according to top secret documents disclosed by former US intelligence contractor Edward Snowden. The … Continue reading What the NSA can crack and what it can’t

Thanks for downloading the Underground Network App. Stay tuned as we will be launching with the full version shortly. – The Underground Network Cru Continue reading Underground Network

This interview from right after the crash in 2008 can be played today and is not only spot on in every prediction, it sounds exactly like an interview that is taking place … Continue reading Michael Hudson – What We’re Becoming

The US Government, who, remember, works for us, spent millions going after this journalist because he linked to files on the web that exposed apparent wrong-doings of OUR government.  They claim he threatened the … Continue reading Barrett Brown – Effectively in jail for linking to something.

The main takeaway from this is that you really don’t need to balance the budget over any time horizon, and attempts to do so will hurt the economy. That’s what Kelton argues … Continue reading Bernie Sanders opens a new front in the battle for the future of the Democratic Party – Vox

Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual difference. Source: Wealth Inequality in America – YouTube Continue reading Wealth Inequality in America – YouTube