When the financial crisis dramatically worsened in September of this year, there was a great deal of interest in trying to figure out what had happened. Blogs were full of posts that “explained” the crisis, in verbiage that few could understand. As the news continued to get worse, lots of people decided that perhaps [...]
Posts under ‘Economics’
A Useful Corrective to Limbaugh-nomics
Adam Smith, the economic God that the right wing worships, did not espouse the ideas that the right wing so often claims when they invoke their tired talking point of the “invisible hand”. Now that Barack Obama has been elected President of the United States, it is useful to look at those [...]
American Money Scam
A friend sent me this and tracked down the source for me. It was written by H.G. Eichorst:
Dear American:
I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude.
I am Ministry of the Treasury of the Republic of America. My country has had crisis that [...]
A Different Kind of Rescue
Along with millions of other Americans, I am outraged at the Bush administration bailout of Corporate America. They lied to get us into the war in Iraq and now they are lying so that they can help their friends, who have already picked our pockets empty.
There have been some comparisons between this bailout and [...]
Fungible Palin?
Let’s see ….. the reaction to Ms. Palin’s comments about the fungibility of oil has me curious. First, the quote:
“Of course, it’s a fungible commodity and they don’t flag, you know, the molecules, where it’s going and where it’s not. But in the sense of the Congress today, they know that there are very, [...]