Wage Decline: No Mystery Whatsoever
Real wage decline has been described as a mystery by many financial analysts. In fact, there's no mystery whatsoever. Current real wage decline is the result of some basic economic factors. The...
View ArticleLIAR, LIAR economy on FIRE!
Article after article declares that inflation has been kept in check between 2-3% annually. Shit, they even characterized Greenspan as an inflation-slayer! But here I am, paying almost twice as much...
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"Bottomless Cynicism" in Washington on Gas Prices
It's a frightening day when I largely agree with both the Washington Post editorial board AND conservative columnist Charles Krauthammer. But, apparently, today's my lucky day, because on gasoline...
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Economics - why are wages falling?
I have had a number of fights over the last ten years with any number of economists over my assertion that economics - based on the premise that resources are scarce and that it is necessary to choose...
View Article[Updated] Oil: Supply vs. Demand?
[I provide an update to all this in my own comment at the bottom] Okay...the other day on Ed Schultz I heard this (supposedly) intelligent senator (Dorgan?) say that 'the price of oil has nothing to do...
View ArticleOil: Supply vs. Demand: Part Two
Last week I posed a diary challenging the recent meme that the high price of oil had "nothing to do with supply vs. demand" (Senator Dorgan on the Ed Schultz show last week) and that instead it's all...
View ArticleDear Republican Party, Quit Sucking at Economics
I understand math is hard, and accounting is complex math. Thats why those guys from Enron decided "screw it, well make up our own math" Economics has math in it, and I know that makes it scary. But...
View ArticleWhat do we really know about economics?
I was writing comments on the Raising Kaine blog (RK). For those of you who do no know this blog it is a site for "Virginia's Progressive Community". You can get to it from my Blogroll. I was troll...
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Washington Post Nails it on the "New Oil Reality"
As a long-time world energy markets analyst (for the U.S. Energy Information Administration), I usually brace myself for a stream of inaccuracy and idiocy whenever I see or hear an oil story on TV (god...
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A Pundit's Guide to John Maynard Keynes
I was disgusted again today when market fundamentalist Amity Schlaes got a seat on the APM Marketplace broadcast. It was equivalent to a Neocon talking about the Iraq invasion. Events have so...
View ArticleInflation is the most regressive Tax of all.
When a government decides to spend money, there are essentially three ways it can get the money it spends. First it can tax people. This is the fairest and most honest way to generate revenue for the...
View ArticleIt's time to end the War on Guns
Prediction: Some time in the next couple of years, Barack Obama will enact some kind of draconian gun control law. For some strange reason, Gun violence won't decrease, so the response will be even...
View ArticleThe United Corporations of America
Are you ready to live in The United Corporations of America? You can kiss The United States of America goodbye if we do not amend the Constitution to overturn the wildly dangerous and disgustingly...
View ArticleSolving Healthcare's Looming Supply Problem....
(0 / 0) HCR has addressed many of the problems of access and affordability for the middle class, but it may have helped create another problem in the process.....putting pressure on supply. It was...
View ArticleHow supply side economics has tranformed the Republican party into a doomsday...
That is basically the Repuke re-election plan. We all know how utterly insane that is but unfortunately close to half of all voters were insane enough to elect Bush....twice which is why the world...
View ArticleWhy has Obama declared war on Pakistan?
The new "surge" against Pakistan is not limited to attacks on "militants" (the description now given to any Pakistani -- man, woman or child -- who is killed by American ordnance) but is also being...
View ArticleIs China the Dark Horse in the Global Oil Scam?
Last year, world oil consumption dropped by the biggest amount since 1982. World oil consumption fell by 1.2m barrels per day (bpd) in 2009, the second consecutive annual decline and the largest volume...
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Vox Frustrati (Vol. 4 ): Demand
Welcome to the Vox Frustrati diary series. Vox is a persona and this project is a collaboration by a group of people. Vox Frustrati is here to give voice to our progressive concerns. He welcomes...
View ArticleThe poor create jobs better than the rich
Hurray, my first diary, and it's one that shows there is sometimes intelligent debate in places you least expect it, such as the Youtube comment section.In particular, I was watching a video about 's...
View ArticleUniversal Base Income (UBI).
I recently saw a story in the Internet about the Universal Base Income (UBI). I think it was being considered in Sweden. The idea was that each citizen would get a monthly income that was intended to...
View ArticleCanaries of the Heartland: A Call to Monitor American Food Producers and...
Sitting here in New York City, Manhattan, we’re acutely aware of our island vulnerability to being cut off from basic supplies shipped in from the mainland. When social distancing first got serious in...
View ArticleWhat job do you think would be the worst for you, based on your abilities,...
I am sorry but when people start talking about buyouts, investments, dividends, stock options, macro vs. micro economics my brain thinks you’re talking in a foreign language and has no idea what is...
View ArticleThe Supply Chain is Way More Complex Than You Think It Is and It's Way More...
(Image found at www.newdesignfile.com/...)For most of my career (over 20 years now), I’ve worked for distributors. I spend a significant amount of my time thinking about supply chain — how it works,...
View ArticleLower Gas Prices: The Democratic Way
The average American voter thinks that one of the President’s top jobs is to keep gas prices low. Republicans have owned this issue for decades, by supporting increased oil production. ‘Drill, baby,...
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