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

Neoliberalism: Dare Not Speak Its Name

by Jennifer Matsui edited by O Society October 17, 2019 The question, “What is neoliberalism?” invites a response similar to the old canard about art: “I don’t know what it is, but I know it when I see it.” Unlike art, which seldom rears its head outside a rarified, specially-designated setting, neoliberalism is everywhere, which is … Continue reading Neoliberalism: Dare Not Speak Its Name

Why Rigged Capitalism Damages Liberal Democracy

by Martin Wolf edited by O Society September 18, 2019 “While each of our individual companies serves its own corporate purpose, we share a fundamental commitment to all of our stakeholders.”  With this sentence, the US Business Roundtable, which represents the chief executives of 181 of the world’s largest companies, abandoned their longstanding view “corporations exist … Continue reading Why Rigged Capitalism Damages Liberal Democracy

There’s a wider scandal suggested by the Trump investigations

by Ofer Raban  Professor of Constitutional Law, University of Oregon The scope of financial crimes unearthed so far by state and federal authorities investigating President Trump and his associates is remarkable. Paul Manafort was found guilty of bank and tax fraud, and faces another trial involving charges of money laundering. Former campaign adviser Rick Gates … Continue reading There’s a wider scandal suggested by the Trump investigations

How Russian Money Helped Save Trump’s Business

After his financial disasters two decades ago, no U.S. bank would touch him. Then foreign money began flowing in. by MICHAEL HIRSH Foreign Policy Dec 21, 2018 In the fall of 1992, after he cut a deal with U.S. banks to work off nearly a billion dollars in personal debt, Donald Trump put on a big gala … Continue reading How Russian Money Helped Save Trump’s Business

Stephanie Kelton Wants You to Rethink the Deficit

Ben Walsh interviews Stephanie Kelton for Barron's Stephanie Kelton, an economics professor at Stony Brook University on Long Island in New York, has a radical new way for thinking about the economy: Governments that print and borrow their own currency can’t go bankrupt, she says, and the current U.S. budget deficit is, if anything, too small. … Continue reading Stephanie Kelton Wants You to Rethink the Deficit

The vapid trickle-down culture of the plutocracy could be the end of us all

“Generation Wealth” documentarian Lauren Greenfield on how the rich are destroying civilization KEITH A. SPENCER interviews Lauren Greenfield Original Thinkers Dec 2, 2018 It is ironic as the gulf between rich and poor reaches record levels, the language of the underclass becomes infected with the culture and mores of the rich. Twenty years ago, English began to absorb and normalize verbal markers of wealth, consumption, and … Continue reading The vapid trickle-down culture of the plutocracy could be the end of us all