Why are so many drawn to the Sanders message? It’s because many of us want to stop our society from crumbling due to runaway inequality. Source: 10 Economic Facts that Power the Sanders … Continue reading 10 Economic Facts that Power the Sanders Insurgency
You can run a budget deficit and lower your debt burden simultaneously It looks like the Economist is slowly starting to understand how money works. Source: What Britain forgets: Why running a … Continue reading Why running a budget deficit can reduce the national debt
The one taboo of economics that the government is hiding from the public is the fact that if the government balances its books, it becomes impossible for the private sector to do … Continue reading David Graeber: what the government doesn’t want you to know about debt
Creative ways to fund the government without taxes. So aggravating.. Sell off government assets? Privatize the Pentagon? Sell off land? Charge people fees to access public parks? Sell off the gold in … Continue reading Mining for dollars
The size of the audience was a demonstration of the concern that Finnish people have for the future of their nation given that the conservative government is signalling it wants to impose … Continue reading University of Helsinki lecture | Euro Crisis
One of the shibboleths of our age is that government is always and only inefficient and ineffective as compared to the private sector or “markets”. This has been a view that has … Continue reading Why Shouldn’t the US Federal Government Invest $4-$6 Trillion Per Year on Climate Protection? (Part 2 of 2)
The US Climate Platform outlines why and how the US federal government should invest somewhere in the area of $4 trillion to $6 trillion per year on stabilizing the global climate, in … Continue reading Should the US Federal Government Invest $4-$6 Trillion Per Year on Climate Protection? Part 1
Without the help of the authors, only a third of the results could be independently replicated by the researchers. Even with their help, only about half could. Just goes to show you … Continue reading Federal Reserve paper on the replicability of economic studies
The most pernicious effect of the status of economics in public life has been the hegemony of technocratic thinking. Political questions about how to run society have come to be framed as … Continue reading Don’t let the Nobel prize fool you. Economics is not a science
#NothingCanBeDone Ben Bernanke, former head of the Federal Reserve, recently complained about Congress. Too bad he didn’t say anything WHEN he was the Chairman of the Fed! “They blamed the crisis on the Fed and on Fannie (Mae) and Freddie (Mac), with little regard for the manifest failings of the private sector, … Continue reading Defeatists Policies – by Ben Bernanke
Without the help of the authors, only a third of the results could be independently replicated by the researchers. Even with their help, only 49% could. This shows you how today’s “economists” … Continue reading Two Fed economists tried to replicate some top economic studies — and the results are dreadful
This autumn may see anti-austerity coalitions gain power in Portugal, Spain and Italy, while Marine le Pen’s National Front in France presses for outright withdrawal from the eurozone. These countries face a common problem: how to resist the economic devastation that the European Central Bank (ECB), European Council and IMF “troika” has … Continue reading Whitewashing the IMF’s Destructive Role in Greece
You must be logged in to post a comment.