tag:blogger.com,1999:blog-4900303239154048192.post6570313125851613234..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: Deficit DementiaUnknownnoreply@blogger.comBlogger6125tag:blogger.com,1999:blog-4900303239154048192.post-25340496957616209182010-06-24T02:13:25.939-04:002010-06-24T02:13:25.939-04:00game for prevent dementia
www.ipwiz.com/en/ipmath...game for prevent dementia<br /><br /><a href="http://www.ipwiz.com/en/ipmath-en.htmll" rel="nofollow">www.ipwiz.com/en/ipmath-en.html</a><br /><br />try it ^ - ^Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-48651361663767229272010-06-01T13:31:00.002-04:002010-06-01T13:31:00.002-04:00At inequality.org they quote Edward Wolff's an...At inequality.org they quote Edward Wolff's analysis of wealth distribution in the U.S. that shows that the top one percent of households held 44% of wealth in 1929, but dropped to 27% in 1949. I attribute this shift to full-employment policies from 1938 to 1946, when essentially idle wealth poured into government bonds and then into workers' paychecks - a transfer of wealth, and a huge internal debt of 120% of GDP. Creating high deficits transfers wealth, decreases the long-term stability of financial assets, but if invested wisely also in turn creates wide-spread demand to propel growth and internal improvements of health, education, housing, etc.. The now discredited economists and financial wizards and their wealthy backers wish to stop the hemorrhaging financial asset values by scaling down fiscal stimulus. Wolff recently showed (see Levy Institute report) that 2007-2009 the top one percent lost 17% of value while the median household lost 36% of value, pushing the median household wealth down to the 1983 level of $65,450 (toomuch.org has an excellent article about this at the top of it's page). Robert Dorman's plan for the banks, Plan B, published in late 2008 was right on. So is this article. My blog is http://benL8.blogspot.com for an essay about full employment. There will either be economic justice and democracy or a global slave class with a global financial hegemonic class.BenL8http://benL8.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-37767560190270360812010-05-31T13:35:28.042-04:002010-05-31T13:35:28.042-04:00How many rotten economists in a barrel before we d...How many rotten economists in a barrel before we declare the barrel itself is rotten and the water irreversibly toxic?<br /><br />Time to start decredentializing the staffs of the institutions mentioned in the post; alas there seems to be no internationally recognized body authorized to do so.....<br /><br />Perhaps James Lovelock is right; the human race is too incompetent to be long term member of adaptive strategizing on the evolutionary stage.Eubulideshttps://www.blogger.com/profile/00631527929485341690noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-4390263653115706142010-05-30T00:48:33.072-04:002010-05-30T00:48:33.072-04:00The Trucker: "why is it that the holders of m...The Trucker: "why is it that the holders of money are to be protected at the expense of the productive people in the society?"<br /><br />How do you produce a servant class?Minnoreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-26211087860798370352010-05-29T21:28:00.865-04:002010-05-29T21:28:00.865-04:00Why do these people imagine that we are still on t...Why do these people imagine that we are still on the gold standard? Why is it not recognized that the value of a currency is based on the level of government spending versus the level of taxation? And assuming that this is recognized then why is it that the holders of money are to be protected at the expense of the productive people in the society?<br /><br />Keynes had to deal with the gold standard. We don't.<br /><br />But the dollar cannot be the world's "reserve currency" and at the same time "float" so as to balance trade. The Euro is being devalued to deal with the Greek mess. That leaves the middle class of the USA being the whipping boy for the rich. This is not right.TheTruckerhttps://www.blogger.com/profile/10346127768102862741noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-12690222902468195792010-05-29T18:18:02.093-04:002010-05-29T18:18:02.093-04:00In other words, we know perfectly well how to prev...In other words, we know perfectly well how to prevent a world-wide depression, but because of a deficit dementia mindset, we (here, Britain, the Eirozone) refuse to do it, and we're all screwed.<br /><br />Sounds about right.<br /><br />Lo siento,<br />JzbJazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.com