Search Results for: redistribution

What a “Jobless Recovery” Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big Boys

Everyone from the Fed bank of San Francisco to Kiplinger’s is saying that we may have a “jobless recovery”. The meaning of the phrase jobless recovery itself is simple: A jobless recovery or jobless growth is a phrase used by … Continue reading

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Leading Economist Says True Purpose of Bank Rescue Plans is “A Massive Redistribution of Wealth to the Bank Shareholders and Their Top Executives”

Leading PhD economist Dean Baker minces no words in slamming the bailouts, the “bad bank” proposal, and the mainstream media’s dishonest reporting on the financial crisis. As Baker says in a new article: Mr. Geithner wants to use taxpayer dollars … Continue reading

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Finance is Not the Economy

By Michael Hudson, Michael-Hudson.com.   Hudson is Distinguished Research Professor of Economics at the University of Missouri, Kansas City, who has advised the U.S., Canadian, Mexican and Latvian governments as well as the United Nations Institute for Training and Research. He … Continue reading

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The New European Fascists

By Pulitzer Prize-winning reporter Chris Hedges, formerly of the New York Times. Truth Dig (republished with permission of the author.) By Chris Hedges   Government leaders in Poland are promoting a neofascist ideology. (Wikipedia Commons CC BY-SA 3.0) WARSAW, Poland—Jaroslaw … Continue reading

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How Much Liberty Do Americans Have Left?

This post explains the liberties guaranteed in the Bill of Rights – the first 10 amendments to the United States Constitution – and provides a scorecard on the extent of the loss of each right. Painting by Anthony Freda: www.AnthonyFreda.com … Continue reading

Posted in Politics / World News | 4 Comments

Unintended Consequences – Mortgage Borrowing Costs Rise in Switzerland Despite Negative Interest Rates

Submitted by Mike Krieger, Liberty Blitzkrieg. Wait a minute, this wasn’t supposed to happen… From Business Insider: Remember back in December when we highlighted that one of the responses to central banks’ introduction of negative interest rates might actually be a raising … Continue reading

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Libertarians’ False Assumptions About Economics

Eric Zuesse We’ll start with a typical example of libertarians’ big misconception: Here was the libertarian white Texan Alex Jones, in a riff for the racist white populist billionaire Republican U.S. Presidential candidate Donald Trump, the day after Trump had declined to … Continue reading

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MORE THAN 30 BLOCKS OF FISCAL IRRESPONSIBILITY

“Democracy is a pathetic belief in the collective wisdom of individual ignorance. No one in this world, so far as I know—and I have researched the records for years, and employed agents to help me—has ever lost money by underestimating … Continue reading

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Central Banks Are Trojan Horses, Looting Their Host Nations

A Nobel prize winning economist, former chief economist and senior vice president of the World Bank, and chairman of the President’s council of economic advisers (Joseph Stiglitz) says that the International Monetary Fund and World Bank loan money to third … Continue reading

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Peace Is the Keystone of Liberty

Why Libertarians Should be Thoroughly Anti-War The anti-war movement desperately needs libertarian leadership. And the libertarian movement urgently needs to be strongly anti-war. So in this essay I will offer some chief reasons for every libertarian to be 100% non-interventionist … Continue reading

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“Future Economic Historians” Will Probably Call the Period That Began In 2007 “the LONGEST DEPRESSION”

Sure, last year was the first pre-election year stock market loss since the Great Depression.  And admittedly, this week was the worst opening week of any year … EVER. But that’s not the big news. The big news is that … Continue reading

Posted in Business / Economics, Politics / World News | 9 Comments

The Most Profitable Work Will Be Automated: The Rest Will Be Left to Us

What’s abundant and what’s scarce? The question matters because as economist Michael Spence (among others) has noted, value and profits flow to what’s scarce.What’s in over-supply has little to no scarcity value and hence little to no profitability. What’s abundant … Continue reading

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Leaked Report: US-Backed Pinochet Dictatorship had High-Level Ties to Child-Torturing Ex-Nazi’s Fortified Cult

There’s a headline for you.  Yet the terms come from a Yahoo News report, which seems to be fairly well buried, as it only has one comment.  And, crucially, the report makes no mention whatsoever of the US support that … Continue reading

Posted in General, Media, Politics / World News, propaganda | 6 Comments

Obama v. Putin: Their Debate on Crimea

The Source of the ‘New Cold War’: The Basic Disagreement Between Obama and Putin Eric Zuesse, originally posted at strategic–culture.org INTRODUCTION The basic disagreement between U.S. President Barack Obama and Russian President Vladimir Putin, and the source of the economic … Continue reading

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If You Don’t Think Americans Have Lost Our Freedoms, READ THIS

Painting by Anthony Freda: www.AnthonyFreda.com The Land of the Free and the Home of the Brave  The Land of the Fleeced and the Home of the Slave This post explains the liberties guaranteed in the Bill of Rights – the … Continue reading

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Bernie Sanders versus Obama & the Clintons: The Big Difference

Eric Zuesse I state here why I have come to support Bernie Sanders for President: Whereas Hillary Clinton, Bill Clinton and Barack Obama — the modern Democratic Establishment — have been so conservative they might as well have called themselves … Continue reading

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Economic grace of ‘Social Credit’: national dividend and compensated retail prices to facilitate consumer goods distribution in an age of robotics

by guest author Wallace Klinck “The unacknowledged, but obvious, truth is that unnecessary work, imposed by either edict or contrived financial legerdemain, is slavery and servitude—totally irrational and immoral.  Every engineer worthy of the name is trying to eliminate the need for … Continue reading

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IMF Violates IMF Rules, to Continue Ukraine Bailouts

Eric Zuesse The IMF, whose bailout operations are absorbed by the taxpayers in the member countries whenever a particular bailed-out nation defaults, announced on Friday, June 19th, that it will “continue to support Ukraine through its Lending-into-Arrears Policy even in the event … Continue reading

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CONSUMERS NOT FOLLOWING ORDERS

Last week the government reported personal income and spending for April. After months of blaming non-existent consumer spending on cold weather, shockingly occurring during the Winter, the captured mainstream media pundits, Ivy League educated Wall Street economist lackeys, and Keynesian … Continue reading

Posted in Business / Economics, General, Politics / World News, propaganda | 7 Comments

The Founding Fathers Fought Against Inequality

George Washington, Thomas Jefferson, Alexander Hamilton, John Adams and James Madison Slammed Runaway Inequality The primary author of the Constitution – and later president – James Madison wrote: The great object [of political parties] should be to combat the evil: … Continue reading

Posted in Business / Economics, Politics / World News | 16 Comments