Relevant and even prescient commentary on news, politics and the economy.

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Inflation, Deflation…

…tons of cash through the implosion in value of assets that weren’t really worth what Goldman, Welfare, Queen & Sachs and the rest of ’em told us they were worth….

Money earned, money won, money morality.

…market society pays proportional to social benefit then you have to argue that drug kinpins are making a huge contribution to human welfare. posted by Robert permalink and comments9:09 AM…

Revisiting an Early Look at the Recession

…that ain’t gonna fix it is throwing money at Goldman, Welfare, Queen & Sachs – its not Goldman’s problems that precipitated the recession, after all. The economy had slowed down…

Inflation, Deflation …

…tons of cash through the implosion in value of assets that weren’t really worth what Goldman, Welfare, Queen & Sachs and the rest of ’em told us they were worth….

A new whittle or two

…the war on bin Ladin. This national security preference to pork and corporate welfare over better uses of the wealth is rather common. Here is a point of change needed…

US government funds Brazilian GM plants?

…of cactus’s post on welfare. The Latin American Herald Tribune says the president of GM Brazil reveals plans: General Motors (GM) plans to invest $1 billion in Brazil to avoid…

Back at you on GM argument

…now, when the government is taking on additional new debt to cover and handing it to the likes of Goldman, Welfare, Queen & Sachs and Citi so they could continue…

Role of the President elect before Jan 20

…not loaning out money which was the thing this whole bail-out was supposed to accomplish, but Goldman, Welfare, Queen, & Sachs (to borrow a term from Lambert Strether left at…

What do we want our economy to do? Misuse of GDP

…former President of the World Bank, 1989 Simon Kuznets – GDP’s creator – in his very first report to the US Congress in 1934 said[2]: …the welfare of a nation…

Bailout, Round 2: Misplaced Optimism

…An equivalent amount of welfare handed out through the “Veterans’ Bonus”, which Hoover opposed, might have boosted consumption and stabilised the economy more quickly. *Or, if you prefer, the von…