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Meta
Category Archives: economics
Strangling the Reformist Goose
On May Day, noted neo-liberal blogger Matt Yglesias wonders aloud if Marx had a point. Bouncing off a Brad DeLong post basically claiming a rationally interested ruling class would gladly keep up the revolt insurance, thus heading off rejection of … Continue reading
Posted in economics, random shots
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Juicing the banks
Matt Yglesias, in reflecting on the Capital Paradox, specifically the resulting bank bailouts, compares to how a smaller regional bank he actually was a patron of was prosecuted for among other things money laundering for dictators & apparently sees a … Continue reading
Demand a better structure
As has been previously observed in this space, the portrayal on the part of most Dem-leaning pundits and bloggers of Republicans as reflexively opposed to government intervention is false. What they oppose is intervention not done by Republicans. Despite his … Continue reading
Posted in economics
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They forgot the “E”
Ever heard of LIBOR — the London Interbank Offered rate? Me neither, until recently. What that refers to is an average of interest rates that banks in London estimate they’d be charged to borrow from each other. More information on … Continue reading
Posted in economics
2 Comments
Summing up Operation Zero Sum
Encouraged to submit a post for League of Ordinary Gentlemen’s Inequality Symposium, I figured I’d describe for an unfamiliar audience some of the themes I’ve touched on here about how capitalism as we know it has jack squat to do … Continue reading
Posted in economics, Site News
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“You holdin’?”
It can be said, in one respect, that the great capitalist crackup that led to current economic conditions was ironically triggered by deliberate lack of capital: high finance leveraged themselves stupid on ever-increasingly surreal bets, then didn’t have the funds … Continue reading
Posted in economics
3 Comments
Floated for response
Had a fairly random, albeit particularly interesting IMO, thought and felt like hoisting its flag out to see if it catches return fire. So here: Consider the varying definitions used for “capitalism”. People use it to refer to everything from … Continue reading
Posted in economics, random shots
2 Comments
In Steve’s Time Machine, nobody rides clean
With how much dread is still pulsating through the domestic economy with regards to unemployment, the timing couldn’t be better for lengthy analysis articles asking questions about it. The NY Times contributes the latest entry, a consideration of why the … Continue reading
Posted in economics
3 Comments
Why I’m not a goldbug
Via ZeroHedge, Phillip Bagus talks about the problems with the Euro — and by extension all state-operated currency — and ways to approach it. Among those is effectively to ditch the euro entirely (which in itself makes sense: establishing a … Continue reading
Posted in economics, fevered barking
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Revolt Insurance: Ur doin it wrong
A long time pet peeve of mine has been the coverage of the economy by the mainstream media. Listening to them pontificate, you would assume that other than the state-backed-to-the-hilt Wall Street and the vaguely defined “middle-class”, no one else … Continue reading
Posted in economics, random shots
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