Tag Archive | "Ben Bernanke"
Empire of lies
Benny and the Inkjets are tossing the money around, but it didn’t pump up the industrial economy the last time and QE2 will be no better, even if the next version is expectedly gihugic. He’s destroying the dollar in the process of printing fiat currency, but he cannot keep up with the ongoing economic contraction. [...]
Continue reading...Economic and environmental consequences of expensive oil
Friday, July 16, 2010
What are the causes and consequences of expensive oil? The first question is posed in this article, and answered surprisingly well by a neoclassical economist. He understands the relationship between the price of oil and economic growth, and he hints at constrained supply while also expressing irrational exuberance about continued economic growth. As an economist, [...]
Continue reading...Strike one … you’re out?
Monday, July 5, 2010
Bad Company’s Shooting Star blares over the PA system. Don’t you know, yeah, yeah The hour is late as the game enters the top of the ninth inning. The home team has held the Industrialists scoreless, and leads by a single run. If the Industrialists score, the home team will bring out the bats. Don’t [...]
Continue reading...Teetering
Thursday, June 10, 2010
The industrial economy, that is. On the brink, yet again. The real economy — not the born-again exuberance in the world’s stock markets — is stalling as the effects of easy money wear off. Indeed, investor fund flows haven’t been this bad since Lehmann Brothers collapsed in the autumn of 2008. The IMF says risks [...]
Continue reading...Time to bury the dead
Monday, May 10, 2010
The final nail in the global financial coffin was hammered into place this morning by the masters of the Eurozone. The trillion-dollar bailout Ponzi scheme to save Greece is yet another example of kicking the proverbial can down the road, hoping the taxpayers fail to notice the 800-pound gorilla fighting its way out of the [...]
Continue reading...Economic dominoes continue to fall
Tuesday, October 27, 2009
The property of rich folks has always been more important than the lives of the poor, a fact that will continue to create misery for the "other" 99% of us until the entire industrial economy fails. Personally, I can hardly wait.
Continue reading...Feeding at the trough of television
Saturday, April 18, 2009
Joe Bageant's recent piece, Escape from the Zombie Food Court, is a classic. He clearly and concisely dismisses the notion that our lives are lived in anything resembling freedom. The corporate media and their primary brainwashing device, television, have taken care of that.
Continue reading...Problem solved!
Tuesday, December 16, 2008
Here's the agenda, to be completed within a year or two: (1) find, develop, and distribute an energy source too cheap to meter, and (2) overcome evolution.
Continue reading...Change we can believe in
Sunday, November 30, 2008
All the wishful thinking in the country can't resurrect a long-dead corpse. By the time president-elect Obama takes the oath of office, he'll have all the power of a quadriplegic EMT without a medical kit, much less a resuscitation device. And he'll be staring at a patient with a DNR order, courtesy of a lethal combination of inevitable geology and abysmal policy.
Continue reading...Dodging the bullet
Sunday, September 21, 2008
For those of you not paying attention to the news last week, here's a quick summary: The United States economy nearly collapsed, taking the world economy with it. Only a quick infusion of cash by the Treasury Department prevented full-scale collapse. The problem: peak oil. The solution, such as it is: print money, sensu Weimer Republic. Ben "Helicopter" Bernanke is living up to his nickname.
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Sunday, October 31, 2010
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