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The Chinese are selling US debt. That’s a big deal because, for the past several years, the Chinese have been selling their own currency and buying dollars (and other foreign currencies). If they start flooding the world with that money, the dollar might start to stumble. And if the dollar starts to stumble, it might […] So apparently, in the 2012 Olympics the police will have the power to stop people from entering events with non-sponsor items. Now I think that most everything you can buy is actually generic—cola is cola, soap is soap, a shirt is a shirt—and the fact that people actually care about brand is just sad. Really, […] The International Brotherhood of Electric Workers is suing Goldman Sachs for overpaying its executives. That may seem odd–what do electricians have to do with Goldman Sachs, after all–but unions have pension funds, and the pension funds own stocks, and stocks represent ownership of companies. Companies like Goldman Sachs. So when the managers of GS enrich […] Always happy to see when a cartoon goes to the heart of an economic issue, especially one that’s usually treated as something arcane. Rall, if you don’t know his work, is excellent–his work in Afghanistan is more informative than a building full of cable news talking heads. EDIT: Forgot to mention: originally found through DrDm […] I was pondering writing a post in praise of inflation. That sounds heretical, but really, our economic problem comes down to: Paper wealth (like a dollar bill) gives you a claim on real wealth (like a candy bar). We let paper wealth (stocks, bonds, house prices, etc.) get so far out of hand that there’s […] Friedrich Hayek and John Maynard Keynes, battling. Seems to me that Hayek is having words put in his mouth—just like Marx gets credit for every leftist dissent of the past century and a half, Hayek sometimes gets credit for free-market ideas that he didn’t originate (and in some cases wouldn’t have supported). Still: It’s Friedrich […] Or at least, one Leo Johnson, partner for sustainability and climate change at PWC. At the end of an article in the WSJ–an article that’s mainly about corporations finding excruciating new euphemisms for “we’re cutting our social responsibility budgets because we can”–comes Johnson’s flash of honesty: “If governments provide a strong legal framework that aligns […] Here. The basic points for those who don’t want to click: You’re right to be angry. You’re being screwed. The people screwing you are the very ones telling you to get angry at the socialists in Washington. As long as you listen to them, you’re going to continue to be screwed. As with many economic […] This is from a Senate staffer. Spot-on, as far as I can tell. Unfortunately, in this case “putting things in perspective” means “getting even more depressed about them.” I’m a pretty big fan of Cracked.com. I’d go as far as to say it’s the generation-that-should-get-off-my-lawn’s version of Mad Magazine–funny (usually), often wickedly subversive, and done in an irreverent style that disguises what’s often really good information (even obscure scholarship). And I’m all for providing serious information in an irreverent package. Anyway, today’s article, […] |
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