Most Americans, if they’re at all religious, should get on their knees and thank God that rightwingers didn’t run America’s economic policy in the aftermath of the financial crisis and near-depression which their policies helped cause. Although our economy isn’t exactly glitt[...]
Posts Tagged ‘Economics’
Radical Republicans: Attack on the General Accounting Office
Why the House GOP wants a new accountant (MSNBC Steve Benin) Imagine your family puts together a budget. Once you and your loved ones have made financial plans for various expenses and long-term needs, you show it to your family accountant to see if you’re on the right track. The accountant, much [...]
Why Not Use WSU to Train Students for Service in the “Doc in The Box” clinics?
Here in Washington state our two research universities are having a fight. The University of Washington, located in Seattle, has what is rated as the number one program for primary-care and rural medicine. To a large extent the high rating results from the fact that the UW offers a degree that can b[...]
November 9th, 2014 - 7:36 pm § in America
Book Review: The Depression That Laissez-Faire Policy Didn’t Cure
A new book that claims the 1921 depression cured itself without government intervention is taking conservative readers by storm. It’s a timely topic; given that Rand Paul currently leads in Republican polls for his party’s 2016 presidential nomination, we’re probably going to hear[...]
SUNDAY REVELATION: Belief that God is essential to morality in INVERSELY proportional to national wealth.
The Pew Research Center published a survey. The results of the survey of people in 40 countries shows that belief that God is essential to morality in INVERSELY proportional to national wealth. [...]
October 15th, 2014 - 9:28 am § in The Ave Scene
Bill Gates discusses income inequality
Bill Gates reviews Thomas Piketty’s tome on income inequality. His perspective is worth consideration. Wealth and Capital Why Inequality Matters By Bill Gates on October 13, 2014 A 700-page treatise on economics translated from French is not exactly a light summer read—even for someone w[...]
October 13th, 2014 - 3:19 am § in Misc.
Book Review: Don’t Read This Book!
David Stockman is what’s known as a “spectacular failure”: A high flyer who climbs to great heights and then spins out of control and augers into the earth with afterburners roaring. An aspiring Olympic diver who somersaults off the 10-meter platform into an empty pool. You g[...]
October 9th, 2014 - 11:25 am § in Uncategorized
US Employment Accelerating While Europe in the Dumps
Drop in U.S. jobless claims points to labor market strength WASHINGTON – The number of Americans filing new claims for unemployment benefits fell last week to nearly its lowest level since before the 2007-09 recession, a sign of growing steam in the U.S. labor market.[...]
October 9th, 2014 - 2:29 am § in Misc.
A Short Educational Film: “How The Economic Machinery Works”
Do you feel intimidated by economics? Don’t be! This 31-minute animated film by Ray Dalio does an excellent job of explaining how the economy works, what caused the recent crisis, and how to fix it. Most money consists of credit created through lending and borrowing, not currency printed by [...]
September 24th, 2014 - 4:47 am § in Misc.
Berkeley Blog: A review of Picketty
Inequality In the Twenty-First Century john powell, director, Haas Institute for a Fair and Inclusive Society | 5/2/14 | As part of his nationwide book tour, French economist Thomas Piketty stopped in San Francisco to speak to overflowing lecture halls. ….. Piketty’s new book, Capital in the[...]