Thursday, October 30, 2014

Larry Summers Describes The Problem Of Achieving Financially Stable Growth With Full Employment

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This article by Larry Summers argues that it will be difficult to achieve a full employment economy in the industrial world along with fina...
Wednesday, October 29, 2014

Federal Reserve Announces End To Quantitative Easing

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The Fed announced today that it would end its purchase of treasuries and mortgage securities.  It concluded that the economy had recovered s...

Corruption Of State Attorney Generals Has Become A Big Business

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Two decades ago 40 state attorney generals banded together to sue the tobacco industry.  They won a $206 billion settlement from the tobacco...
Tuesday, October 28, 2014

An Interview With Adair Turner On The New Economy That We Created

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This link is to a post and a video interview in which Adair Turner describes the four broad changes that he sees in the economy.  It is ref...
Monday, October 27, 2014

Why Did Steve Balmer Pay $2 Billion For A NBA Team?

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Steve Balmer paid $2 billion for the LA Clippers.  The was almost for times the previous record for a NBA franchise set in May when the Milw...
Saturday, October 25, 2014

Spending On Frivalous Luxuries Is Not The Reason For Household Budget Problems

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Many people believe that we spend too much on unessential luxuries like lattes and that our budgets would be fine if we cut back on foolish ...
Friday, October 24, 2014

Managing Democracy To Save Plutocracy

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Paul Krugman claims that plutocrats only tolerate democracy when it can be made to work for them.  So how do the plutocrats make democracy w...