In this post I said I would blog about the likely expected relationship between the different Platinum Coin Seigniorage (PCS) options and inflation using the framework laid out by Scott Fullwiler! But, after reconsidering, I thought I'd hold off until later, and, instead, first provide a discussion of the "new wave" of MSM-based blog posts on the Trillion Dollar Coin (TDC) “solution” to the upcoming debt ceiling conflict. Read below the fold...
My "Dismal Science" diet comes from a wide variety of sources. As our corrupt national political establishment and discredited media organs begin to focus on post-election Catfood Commission politics, it's instructive to see how different economists read the writing on the wall, and come to a variety of conclusions. In this case I'd like to highlight the observations of Dr. Richard D. Wolff, who appears to come to a similar conclusion to the one I derived in my previous post about how the Grand Bargain is a shell game calculated to drain the public funds for private purposes (The Grandest Bargain Ever, Explained). Read below the fold...
WASHINGTON -- The Obama administration, state attorneys general, and, perhaps, the nation's largest banks are close to a final settlement on the years-long struggle over allegations of massive foreclosure fraud, according to several sources familiar with the talks. And the final details of the arrangement, according to the source who revealed them, will apparently not preclude prosecutors and regulators from taking legal action against many of the common abuses during the house bubble. It remains to be seen whether all parties will ultimately sign off on the language.
Today, Fred Griesbach, AARP Campaigns sent me one of those unsolicited e-mails telling me all about AARP's wonderful work in defending Social Security and Medicare, and then asking me for a donation, so they could continue working their magic. Here's my reply.
Dear Fred,
I know about AARP's willingness to compromise on Medicare and Social Security for the sake of deficit reduction, and I'm Mad As Hell About it! Read below the fold...
The responses to my previous entry were exactly what I hoped they would be: lively. And I'm not done yet, not by a long shot. I'm going to expand upon a comment I made in the other thread. Read below the fold...
Last Saturday a protest expressing solidarity with the one in Madison, Wisconsin called “The Rally To Save the American Dream” occurred at DuPont Circle in Washington, DC. The protest was short, beginning at 12:00 Noon and ending at roughly 1:30 PM. It was organized by a coalition of progressive organizations including Move-on and Democracy for America. Union representation was also strong and included the DC Teachers Union, and the local Chapter of National Nurses United, a well as other local Unions. Read below the fold...
Well, the proverbial s__t is now hitting the fan in our State Governments, and we're looking at struggles in State after State between newly elected Republican Governors scapegoating civil servants, while they insist that taxes can't be raised on the wealthy and large corporations during a recession. Put briefly, the moves to austerity and the resulting conflicts in Wisconsin and other States are partly Democrats' fault, because they failed to pass a State revenue sharing bill to close the gap in State budgets, so that no cuts in services, employee benefits, or jobs would be necessary. Read below the fold...
It would take an entire library to move the mountain of fake history spun around the life and career of Ronald Reagan by now. Sometimes only a cartoon can approach the truth.
Aaron McGruder, in this intro to a Boondocks episode of a couple years ago, comes as close to capturing a piece of the mean and nasty spirit of the Gipper as anybody ever will.
[Welcome, C&L readers! And please consider returning tomorrow at 3PM Eastern for one of our continuing series of live blogs, this one with Paul Street. --lambert] Read below the fold...
