The NPR radio show “Market Place” did an interview with President Obama last week. As they do in such interviews he was asked to describe his job in 5 words or less. This is what President Obama stated: My job is to: Keep the American people safe and to create a platform for hard working people to succeed. […]
I’m posting this here as a topical subject. It may not seem economics related, but to me it is as it speaks to trust. There is no way a nation can continue to produce $16 trillion dollars a year and not have trust as a basic position to starting all conversations. No nation built on […]
Last week there was an 1.5 hr discussion with the following participants: Joseph Stiglitz (Columbia University), Paul Krugman (Princeton University), and Steven Durlauf (University of Wisconsin–Madison) participated in a panel moderated by LIS Senior Scholar Branko Milanovic. The Center just posted it yesterday on their youtube channel.
I am posting this because the source of this study caught my attention. It is out of the Ben-Gurion University of the Negev (BGU) and the University of Amsterdam, Psychologists Dr. Shaul Shalvi and Dr. Carsten K. W. De Dreu respectfully. Dr. Shalvi is the head of BGU’s Center for Decision- Making and Economic Psychology. […]
The following video was posted in Ed’s Post by Marko. I thought it deserved a wider audience. The symposium included a discussion regarding raising the minimum wage to $15. Mr. Hanauer, being an honest to goodness real billionaire talked about what that would mean for his situation. I like the way he put it. He […]
Getting real about Apple’s $100 billion stock buyback. Updated* So I was hearing some where that Apple has a lot of money just burning a hole in it’s pocket. Seems there’s an arson named Carl Icahn trying to really ignite it by using twitter. Apple has implemented a plan to spend $100 billion of it’s […]
I can’t get past just how juvenile the thought is that if you just let the markets be the markets, they’ll solve everything. And if profit is your only metric, man, what are you building? David Simon This is the first part of an interview with David Simon. He is a “journalist and creator of the […]
Time for a bit of comic relief. (video below the fold) Julianna reporting on Net Neutrality. Remember when President Obama said the days of lobbyists setting the agenda was over? I’m posting this here because this is about “markets”. It is about competition. It is about freedom. The free market competition of…wait for it…IDEAS. It […]
As we continue this fight regarding the national budget, funding for the people, (food, unemployment, medical), entitlements and the overall moral position this nation has and will take with its money, let’s recall the truth about a program that was sold and is still sold as a benefit for the people. It’s cost is intentionally […]
HENRY GIROUX: Oh, I mean, I think that’s the biggest lie of all actually. The biggest lie of all is that capitalism is democracy. We have no way of understanding democracy outside of the market, just as we have no understanding of how to understand freedom outside of market values. I learned about two maps […]