Pause for Thought: Money without Value in a Rapidly Disintegrating World (tags)
The tanking economy is the cause of these “misfortunes”. What we are sold as external threats is in fact the ideological projection of the internal limit of capitalist modernity. In systemic terms, emergency addiction keeps the comatose body of capitalism artificially alive
Limitation to 1.5 degrees is not possible with our economic system (tags)
In economics, an international mainstream dominates, which establishes optimized formal models that exclude many areas of economic relations, such as feminism, historical school, as well as post-Keynesianism, which considers the importance of demand and demand to be at least as important as good conditions for companies.
Giving Money to People is The Only Way, Says French Bank's Chief' Economist (tags)
For monetary policy to boost demand, the only solution is helicopter money (Patrick Artus).
65 Economists Call for QE for People in the Eurozone (tags)
The campaign for Quantitative Easing for People is currently supported by 21 organizations and aims to redirect money created through the QE program to the real economy by either financing public investment spending in the eurozone or by distributing a citizens' dividend to all residents
The August 24 March on Washington: Why We Need a New Civil Rights and Labor Movement (tags)
It could have been left as a relatively small event that would make little impact, but plans for the 50th anniversary of 1963′s March on Washington appear to have taken another course.
Addicted to Liquidity Injections (tags)
Bernanke's announcing of lower monthly printing of money was enough to make stock exchanges collapse in many threshold countries. The monetary policy of printing money and zero interest is caught in a vicious circle. Liquidity glut generates credit growth.
Quantitative Crisis: Bernanke’s “Stimulus” For The 1% (tags)
When I heard that Federal Reserve Chairman Ben Bernanke told Congress last week that it was too soon for the Fed to end its extraordinary stimulus programs, I did a double take.
How about Quantitative Easing for the People? (tags)
Giving the general population x-amount of money would certainly give the economy the boost that it needs instead of going to the bankers. More importantly, however, is for people to have faith in the economy again and that their future is secure.
Ruling on Behalf of Wall Street's "Super Rich": The Financial End Time has Arrived (tags)
"Alas, the Obama administration has backed the Geithner-Bernanke policy that “the economy” cannot recover without saving the debt overhead. The reality is that it is the debt overhead that is destroying the economy. So we are dealing with the irreconcilable fact that the Obama position threatens to lower living standards from 10% to 20% over the coming few years – making the United States look more like Greece, Ireland and Latvia than what was promised in the last presidential election. Something has to give politically if the economy is to change course. More to the point, what has to give is favoritism for Wall Street at the expense of the economy at large. What has made the U.S. economy uncompetitive is primarily the degree to which debt service has been built into the cost of living and doing business. Post-classical “junk economics” treats interest and fees as payment for the “service” for providing credit. But interest (like economic rent and monopoly price extraction) is a transfer payment to bankers with the privilege of credit creation. The beneficiaries of providing tax favoritism for debt are the super-rich at the top of the economic pyramid – the 2% whom Mr. Obama’s tax giveaway will benefit by over $700 billion. If the present direction of tax “reform” is not reversed, Mr. Obama will shed crocodile tears for the middle class as he sponsors the Deficit Reduction Commission’s program of cutting back Social Security and revenue sharing to save states and cities from defaulting on their pensions. One third of U.S. real estate already is reported to have sunk into negative equity, squeezing state and local tax collection, forcing a choice to be made between bankruptcy, debt default, or shifting the losses onto the shoulders of labor, off those of the wealthy creditor layer of the economy responsible for loading it down with debt."
Quantitative Easing: Elixir or Poison? (tags)
QE indeed poison as being used