Most of the world, and most notably the United States, are in the grip of fiscal myths fostered by the ideology of neoliberalism. There is virtual unanimity across the major political parties in the United States in accepting the viewpoint of neoliberalism, and the fiscal myths associated with it.
This book is about these myths, the arguments showing that they are, indeed, myths, and the truths that can counter them. It is about Campaign 2016, and some of its issues, because the fiscal myths will certainly be used in the Campaign; since, for the first time in a very long time, there is a major party candidate running, who, because he advocates for a very broad agenda and for fighting inequality, will, sooner or later, find that some, and perhaps a large number, of fiscal myths are being directed at him by his opponents and their supporters, who want to persuade voters that his agenda is “fiscally irresponsible.” Read more about Fiscal Myths of Campaign 2016: A New Kindle e-Book
A recent news item highlighted how national politicians aren't sincerely expressing concerns about the influence of money, but playing well-defined roles - and crude ones at that.
Wish I could have found a live performance. But the sound in this video is pretty decent. Enjoy.
"Black Magic Woman" -- Santana Live Performance With Peter Green in 1998 [8:32]
Rolling Stone magazine's"100 Top Guitarists Of All Time . . . The List" ranks Carlos Santana as the 15th best, and Peter Green (Fleetwood Mac) as the 38th best guitarist of all time.
[BTW, I'm not the one asking for a beer, LOL! But a contribution to your local animal shelter would be great.]
While some progressives are happy with the President's speech on the budget; others are suspicious, recognizing the President's repeated pattern of offering words that are reassuring to progressives while later acting to work against the general principles he asserts in a major speech. As Bernie Sanders is saying: “the devil is in the details.”
It surely is. But also, the devil is in the framing of the issues and the negotiation to come. And if the framing is done in such a way that the definition of the problem already implies an unfavorable solution for the middle class, American workers, the poor and the vulnerable, then I'm afraid the outcome is a predetermined defeat. So let's look at the framing in the form of a number of assertions made by the President during his speech. Read more about It's All In the Framing and That's Terrible
NPR has a fluff piece from "All Thing Considered" [sic] on how two Flunkies For The Masters Of The Universe saved the world ZOMG!!! which includes this gem, hidden in plain sight: Read more about Fed admits: Money is a spreadsheet
Via Big Picture, this fascinating graphic, originally published in, of all places, Popular Science, is making the rounds. Check it out (unless you're a member of the Austrian school, in which case you can go directly to jail in the note at the end of this post). Read more about Calling all Austrians: Money is not a bright, shiny object
James Galbraith, in a forward to Warren Mosler's forthcoming Seven Deadly Innocent Frauds, on how money really works. (Clue stick: Not in the way that the banksters, most financial [cough] journalists, the legacy parties, or the career "progressives," are telling you.*) Read more about "Money is a spreadsheet"
At the very end of the Seminal/FireDogLake discussion of my last post, “How Are You Going To Pay For It”, two commenters, ironymeter and konst, offered some comments about the idea in Modern Monetary Theory (MMT) that fiat currency is, to a great extent, accepted, because the Government mandates its status as sole legal tender which can be used for paying taxes imposed by the Government. Read more about Money and Coercion
Does this accessible and interesting article give a good account of the field? Read the whole thing. These paragraph caught my eye, especially:
In the face of the impending crisis, people often ask what they can do to protect themselves. "Buy gold? Stockpile canned goods? Build a fortified compound in a remote area? What should I do?" I would like to suggest a different kind of question: "What is the most beautiful thing I can do?" You see, the gathering crisis presents a tremendous opportunity. Deflation, the destruction of money, is only a categorical evil if the creation of money is a categorical good. ...
As we were discussing California's IOUs (which are a form of currency) earlier today, I present for your consideration something I happened to hear on the radio this afternoon:
Doug Rushkoff speaks with Arthur Brock of metacurrency.org, about "how we've mistaken money for currency, and how to recognize the real flows of value and power in the world around us." (Quote from the description of the show here.) There are archives of the show in MP3 form linked just above the playlist and comment section on this page (scroll down). Read more about Metacurrency
You’re not supposed to show any part of a woman’s nipple if you want a PG/PG-13 TV rating.
Twelve years ago I made what was one of the first features shot on DV. DV was a new video format that allowed you to acquire footage you could transfer onto a hard drive with minimal if any loss of data. That footage could then be cut and otherwise manipulated, while retaining a production value that, while low, was acceptable to many viewers.
This 90-minute movie is called AMAZING WORLD. A reporter and a photographer working for a quasi-Weekly World News periodical are targeted by a back-from-the-dead psychic who is actually a murderer. Read more about Nipples
"I am a black South African, and if I were to change the names, a description of what is happening in the Gaza Strip and the West Bank could describe events in South Africa."
~Archbishop Desmond Tutu
... Mr. Donovan was considered a national innovator in capitalizing on the strong real estate market to find financing for low-cost housing. He held to a middle ground between free-market forces who opposed government controls and liberal groups that believed only government and nonprofit groups could be counted on to provide housing for the working class.