The Real Cost of IPhone

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Modern Money Theory and Private Banks

Guns and Butter "Modern Money Theory and Private Banks" with Stephanie Kelton and Michael Hudson at the economic Summit On Modern Money Theory in Rimini, Italy. Functional finance; business cycle; real costs of unemployment; sovereign currency versus fixed exchange rates and the gold standard; macroeconomic policy; fiscal policy; vulture banks; Latvia as the standard for Europe under neoliberalism. Original Link

Guns and Butter - March 28, 2012 at 1:00pm

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A Priceless Shot Back

KONY2012 Madness

Kony 2012 spokesperson, and co-founder of Invisible Children, Jason Russell was arrested Friday after San Diego Police found him incoherent on the street. Police said he was banging his hands on the pavement and masturbating. No charges were laid because police said it was a "medical" matter. A statement from Invisible Children, said Mr. Russell was exhausted and dehydrated.

The Devolution of Capitalism

David Stockman's days with Ronald Reagan - and his ringside seat since then, gives him the street cred to comment on what went wrong. From the Mexican Peso crisis, to LTCM, to the GFC of 2007, Stockman sits down with Bill Moyers to talk about what's wrong with America. A former Congressman from Illinois, Stockman served as the Director of the OMB (Office of Management and Budget - the President's chief advisor for the White House) for Ronald Reagan in 1981, when the deficit was less than $1T. When he left, four years later, the national debt was just over $2T. Stockman left the Reagan administration after he was criticised for his comments in an Atlantic Monthly article. His book: The Triumph of Politics: Why the Reagan Revolution Failed (ISBN 0060155604)was critical of his time in the White House. His lengthy interview with Bill Moyers is a serious critique of the Obama Administration. He credits Obama's about face after the election with providing him the impetus to work begin a new book: The Triumph of Crony Capitalism.

Moyers & Company Show 102: On Crony Capitalism from BillMoyers.com on Vimeo.

Economystified: GDP

Economystified: GDP:              How do you measure something that has no physical dimensions?  Can a child tell you he has 3 more units of love per hour for th...