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Tag Archives: Economics
Austin Transit Threatening to Hike Fares Again
February 7, 1940, marked a dramatic change for Austin commuters. At 1:40 p.m. 500 Austinites boarded the electric streetcars at 6th and Congress for one final ride. The ceremonial ride also launched the Austin Transit Company’s brand new fleet of … Continue reading
Bank Struggles and the ‘Science’ of Economics
As bank struggles worsen:The ‘science’ of economics By Roger Baker / The Rag Blog / August 31, 2009 See ‘Meltdown 101: Why banks’ struggles have worsened,’ by Marcy Gordon, Below. A viewpoint inspired by some bad banking news is cited … Continue reading
Planning for the Worst : Depression as Progressive Correction
“Get the Seed Corn Miranda It’s Fixin to Storm” / Shiloh Museum.Harvesting the seed corn:Seizing depression as progressive correction By rehearsing progressive responses in advance of crisis it may be possible to prevent excesses of panic and conflict that we … Continue reading
Investments : Recovery Through Pinpoint Socialism
Pinpoint Socialism:Recovery through Equities, Tools, and Land By Greg Moses / The Rag Blog / July 27, 2009 In a Friday morning appearance on Squawk Box at the Capitalism Knows Best Channel (CNBC) Warren Buffett promoted two things: a new … Continue reading
Lifeguard on Duty : Swimming with the Investor Class
Photo from donsafer.com.Whose Recovery?: Swimming with the Investor Class ‘Never was a rich man who didn’t get his money off a poor man’s back,’ is what Paul would say. Which is another way of claiming that all Real Value comes … Continue reading
The Demand Crisis and the Wall Street Pirates. Aaaargh!
The Demand Crisis We could demand that all the pirate trunks of ‘toxic assets’ be loaded onto flatbed trucks and driven back to California where they belong. Overnight, California would need no more IOU’s. By Greg Moses / The Rag … Continue reading
Posted in Rag Bloggers
Tagged Capitalism, Economics, Finance, Financial Crisis, Wall Street
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Greg Moses : Chinese Dragon in Aftershock?
Chinese dragon: still snorting through the global depression? Image from Scrape TV.Still time to put jobs first? In the chatter of Chinese ministers sounds a worry that the ‘socialist market economy’ could come out of the economic crisis fatter than … Continue reading
Greg Moses : The Perry Laffer Kudlow Report
Whenever the Laffer idea takes hold, as it did in 1980 and 2001, taxes are generally cut to a level below their ability to keep up with actual costs of government. The result is a combination of easy money and … Continue reading
Posted in Rag Bloggers
Tagged Conservatives, Economics, Reaganomics, Taxation, Texas
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Roger Baker : AIG and the ‘Adverse Feedback Loop’
Image from nextlogics Bernanke hates to call our current situation a deflationary spiral despite its close resemblance to one. Perhaps because of the association of that term with the Great depression, Bernanke chooses to call our current crisis an ‘adverse … Continue reading
Posted in Rag Bloggers
Tagged Bank Bailouts, Economic Crisis, Economics, Global Economy, Investments
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Roger Baker on the Economy : The Pit and the Pendulum
It’s as if the economic pendulum has been made, by artificial means, to swing so far to one side for so long that it’s now becoming nearly impossible to keep it from swinging back strongly in the opposite direction of … Continue reading
Joseph Stiglitz : Should We Bail Out of the Bailout?
Stiglitz: ‘The hope that President Obama will be able to get us out of the mess is tempered by the reality that throwing hundreds of billions of dollars at the banks has failed to restore them to health, or even … Continue reading
Posted in Rag Bloggers
Tagged Bank Bailouts, Economic Recovery, Economics, Joseph Stiglitz
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