Just Use ‘the Computer’ at the Fed to Give People More Money

Up“We simply use the computer to mark up the size of the account.” ~ Ben Bernanke Congress has all the firepower it needs. It just needs to send spending instructions to the Federal Reserve, as it always does. Markets Go Berserk as Fed Just Starts Printing More Money Vice-president Dick Cheney famously boasted, “Reagan proved … Continue reading Just Use ‘the Computer’ at the Fed to Give People More Money

A Debt Jubilee is the Way to Avoid a Depression

Wall Street stocks plunged March 18 as the economic toll from the coronavirus mounts and economists warn of a deep recession. Michael Hudson, author of “… and forgive them their debts” and “Killing the Host,” is president of the Institute for the Study of Long-Term Economic Trends and is distinguished research professor of economics at … Continue reading A Debt Jubilee is the Way to Avoid a Depression

Getting Rid of Reagan’s Ghost

The question for the 2020 US election season seems straightforward: Should Americans continue with some version of the Reagan regime, which is likely to deliver consistently mediocre growth and extreme income inequality? But the real question is how to enact policies resisted by the oligarchy that the Reagan Revolution created. by Simon Johnson edited by O … Continue reading Getting Rid of Reagan’s Ghost

Mammon & the Disenchantment of the World

by Eugene McCarraher edited by O Society October 22, 2019 Perhaps the grandest tale of capitalist modernity is entitled ‘The Disenchantment of the World’. Crystallised in the work of Max Weber but eloquently anticipated by Karl Marx, the story goes something like this: before the advent of capitalism, people believed that the world was enchanted, pervaded by … Continue reading Mammon & the Disenchantment of the World

Social Darwinism and Fitness

"Yes, change is the basic law of nature. However, the changes wrought by the passage of time affects individuals and institutions in different ways. According to Darwin’s Origin of Species, it is not the most intellectual of the species who survives; it is not the strongest who survives; but rather the species who survives is … Continue reading Social Darwinism and Fitness

Obama Responsible for Biggest Increase in Fossil Fuels in History of United States

https://twitter.com/tomselliott/status/1067746578226704384 By Robert Rapier Forbes September 20, 2019 There is a great irony that spans the presidential terms of George W. Bush andBarack Obama. President Bush, widely viewed as a Texas oil man, presided over eight straight years of declining U.S. crude oil production. In the year 2000, just before President Bush took office, U.S. … Continue reading Obama Responsible for Biggest Increase in Fossil Fuels in History of United States

How Mass Murder Happens at a Level Everyone Will Understand

"It's not just about guns and mental illness man... It's about anger transference and living in a society that thrives on division and the demonization of differences. This creates target groups for angry individuals to attack with impunity." ~ Dale Gribble What does ^ this ^ mean? You know, in plain English, Dale? by O … Continue reading How Mass Murder Happens at a Level Everyone Will Understand