Category Archives: Real World Economics
Carroll Quigley on the Anglo-American Establishment and the “Cold” War
STTPML Introduction: The “Cold” War: Began Pre-1917; is Not “Over”–Thus U.S. Has Not “Won; Never that “Cold”[as the term used]; About Changing the “Color of the Corpses” The “Cold” War is not over; not by a long-shot. The “Cold” War … Continue reading
A Plutonomy on Steroids
The Plutonomy Symposium — Rising Tides Lifting Yachts Home > upward income redistribution > 1% chart 1% chart February 20, 2014David F. RuccioLeave a commentGo to comments from David Ruccio As Niraj Chokshi explains, In each state in the nation, the top 1 percent … Continue reading
Methodological Mistakes and Econometric Consequences
“Methodological Mistakes and Econometric Consequences” February 17, 2014Edward FullbrookLeave a commentGo to comments From Edward Fullbrook Asad Zaman has just published an illuminating paper related both to Bryant Chen and Judea Pearl’s recent RWER paper “Regression and causation: a critical examination of econometrics … Continue reading
’60 Minutes’ Gets ‘Inside Look’ at $400 Billion F-35 Fighter Planes
’60 Minutes’ gets inside look at $400 billion F-35 fighter planes See Full Article at http://wtvr.com/2014/02/16/60-minutes-f-35-fighter-planes/ http://www.cbsnews.com/videos/pentagon-400b-f-35-jet-program-most-expensive-in-history/ “Fuck hearts and minds, do you hear me? If we’ve got em by the balls, their hearts and minds will follow.” (Author unknown but attributed … Continue reading
The Real Costs of Making Money (5) South African Gold
The real costs of making money (5). South-African gold. February 14, 2014merijnknibbeLeave a commentGo to comments By 1914, South-Africa was the world’s top producer of gold. The increase of, mainly, South African gold production is supposed to have ended the 1873-1896 … Continue reading
“Janet Yellen and I Were Taught to Revere Capitalism But It’s a Failing System”
Janet Yellen and I Were Taught to Revere Capitalism. But It’s a Failing System. February 12, 2014 by Richard Wolff This post first appeared at the Guardian website. It is crossposted here with the author’s permission. http://billmoyers.com/2014/02/12/janet-yellen-and-i-were-taught-to-revere-capitalism-but-its-a-failing-system/ The “Dharma Wheel” of Capitalism. With each of … Continue reading
Divergence at the Top–the 0.01%
Divergence at the top – the 0.01% February 12, 2014EditorLeave a commentGo to comments from David Ruccio As Annie Lowrey explains, It is not just that the rich have pulled away from the average American. It is that the richer you are, the more you … Continue reading