When Did Populism Become Contractionary?
Why is it that all the populist positions tend to be ones that weaken the economy? Let's look at the populist positions over the past couple years. Let the banks fail. This would have really weakened...
View ArticleUS-Sino Currency Rap Battle
In the battle over monetary policy, things have been heating up this week at the G-20 summit. The US wants to cut the trade deficit. China and a host of other nations have over the past several years...
View ArticleGOP to Fed: DON'T Create Jobs
The Republicans are now attacking the Federal Reserve's Dual Mandate. What is the Dual Mandate? Only one of the last progressive pieces of legislation enacted before the Reagan Revolution, a cherished...
View ArticleIn Defense of TSA workers
Recently, a number of horror stories has come out regarding TSA. I have to be honest, I work with TSA. Not on the front lines, but my company does some back end work with TSA.I am very sorry about the...
View ArticleReflections on America by Heart
The Guardian has leaked some passages from Sarah Palin's much anticipated new book, America By Heart, in which she goes after President Obama. In the byline, Guardian writes, "Palin tackles areas that...
View ArticleStagnant wages feeding overcapacity
In Asia Times, Henry C K Liu begins his attack on the global economy with a potent observation: under traditional development and industrial economics, "income is all". Raising worker income is the...
View ArticleThe Gathering Storm.
Do you hear that sound? That pitter-patter, that faint rustling in the distance, like a gentle grandmother's voice calling for a child?It is soft now, yet it grows. Its source has more power than you...
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Flight to Safety: Dollar Surging Against All Major Currencies
The US dollar is currently surging against all major currencies, as North Korean threats and the impending collapse of the euro-zone means a massive flight to safety. The Europeans, led for months by a...
View ArticleWe Don't Have Anyone Good...
It's depressing that Obama sucks. But it's also depressing that there's no one good out there right now.Look, if you want someone who isn't going to sell you out, you need someone who doesn't work the...
View ArticleObama is a Piece of [CENSORED] - THE TRUTH.
I have been defending Obama here. I am sick of it.The truth is, that he is a piece of [censored]. First thing he does, is appoint Timothy Geithner. Then Larry Summers. He is bought and paid for by the...
View ArticleI DO Blame Obama
Currently there is a diary at the top of the rec list entitled "I Don't Blame Obama." The gist of the argument is that Obama is not at fault for his actions because he is merely a part of the system....
View ArticleTwo Kinds of Inflation
The past 20 or 25 years has seen a great increase in the number of economic bubbles, beginning in Japan circa 1986. Since then real estate prices have seen huge appreciations, not only here in the...
View ArticleThe Obama Tax Hike
Hidden in the $900 billion tax cut for the rich is a tax hike on middle class mortgage holders and prospective home buyers. The latter group consists of the vast majority of the Millennial that...
View ArticleWould My Diary from April 28, 2009 be Hide Rated Today?
On April 28, 2009, there was a lot of celebration here because Arlen Specter, the then 29-year Republican seniaor Senator from Pennsylvania, had switched parties. In fact, a diary made it on the rec...
View ArticleGary Gensler: in Brooksley Born's Footsteps
The battle for derivatives regulation rages on, and the CFTC, led now by Gary Gensler, is in the mix. The financial reform bill didn't end it. Bills only specify the broad outlines of reform, while how...
View ArticleFed Rules on Debit Cards Hit Banks Hard, For Now
It's not every day that an announcement from a regulatory body causes the stock of 10% in the stock of MasterCard and 13% in the stock of Visa. But that's just what happened today after the Federal...
View Article"BREAKING: GOP Picks Up 10 Seats in Senate!"
That will be the headline in November 2012 if the filibuster is ended. The GOP will almost surely have 50+ seats in the Senate after the 2012 elections, based on which seats are up for election that...
View Article"Street" Harassment
For years I worked in Washington D.C.Like most cities, if you commute to a job in the city you are forced to encounter all sorts of people. Many complain that courtesy and manners are lacking in...
View ArticleReflections on Guns
Why do Progressives tend to not get what we want? Why can't we frame the debate? I'd argue one symptom of why not is that we can't even unify ourselves. A symptom of this is the fact that on the day...
View ArticleGreek default
A default by Greece appears imminent. The country cannot collect taxes, cannot implement reforms fast enough, cannot sell assets fast enough, cannot balance its trade account fast enough, and most of...
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