XML FeedsArchives for: March 2009
monetary policy won't fix things
By basd on Mar 28, 2009 138 views | In predators vs. victims | Send feedback »
Tinkering at the edges will not solve the fundamental problem -- we have a worldwide wealth system that requires most people to work for a comparatively small handful of people, to their own detriment.As I've noted before, people with very large paycheck… more »
when do the pitchforks and torches come out?
By basd on Mar 15, 2009 146 views | In current events | Send feedback »
You know, I think the "business suit" may soon be a thing of the past.
Goldman Sachs puts its people in government.
Goldman Sachs people in government give AIG truckoads of money.
AIG gives some of those truckloads of money (2.6 billion or so) t… more »
what does it take to restore liquidity?
By basd on Mar 13, 2009 123 views | In predators vs. victims | Send feedback »
It's important to remember that the monetary system is just an arbitrary symbolic method of encouraging production and allocating the resulting production. It's a highly imperfect system. Underlying this totally "fictitious" system -- its reality is me… more »
trickle-down socialism
By basd on Mar 11, 2009 108 views | In predators vs. victims | Send feedback »
Banks are being bailed out because they are "too big to fail." Same for large automobile manufacturers.
What do they mean by "too big to fail?" That a lot of people will lose retirement savings and jobs and so the result will be cataclysmic for soci… more »
in case there is anyone who still doesn't get it ...
By basd on Mar 11, 2009 97 views | In predators vs. victims, current events | Send feedback »
Charles Freeman letter, online at Wall Street Journal more »
i'm not just making stuff up ...
By basd on Mar 9, 2009 109 views | In predators vs. victims | Send feedback »
"Policy-makers not only misunderstand the economic crisis, they continue to underestimate it. Consequently, solutions to date have not only failed to "fix" anything, they have made the problem worse." Naked Capitalism. more »
