krebscycle

Category: Uncategorized

  • The ultimate philosophy text

    In the neighborhood lived a famous dervish who passed for the best philosopher in Turkey; they went to consult him: Pangloss, who was their spokesman, addressed him thus: “Master, we come to entreat you to tell us why so strange an animal as man has been formed?” “Why do you…

  • Ron Bloom explains finance

    From Wall Street Journal REMARKS TO: INSOL INTERNATIONAL ANNUAL REGIONAL CONFERENCE FAIRMONT SCOTTSDALE PRINCESS SCOTTSDALE, ARIZONAMAY 21, 2006 RON BLOOM SPECIAL ASSISTANT TO THE PRESIDENT UNITED STEELWORKERS Let me of course start by thanking you for inviting me to speak to you here today. I have had the opportunity to…

  • Why much of wall street hates Obama

    Citigroup stock compared to S&P 500 over last 5 years. S&P has totally recovered from the crash. Citigroup – not so much. In fact, gross revenue has failed to recover.  And yet the “progressive” economists keep telling us President Obama is hapless puppet of Geithner and gave the banks exactly…

  • Cosma Shalizi explains it to Brad Delong and lim[pretending-> inf]

    To start: If you open up any good book on welfare economics or general equilibrium which has appeared since Debreu’s Theory of Value… economic agents care about… their own consumption of goods and services. Does any agent in any such model care at all about what any other agent gets…

  • Progressive negotiating

    Imagine the GOP had offered President Obama the following deal make the Bush tax cut for the rich permanent Raise eligibility for Social Security by 5 years Cut cap gains Pass law so that in 5 years, Medicare eligibility starts going down, one month a year until it is at…

  • Wishful thinking about the GOP

    I don’t get this type of logic at all. Might We Not Want a GOP Congress Come November? Corey Robin This post from Digby makes me wonder: is the only thing stopping Obama from getting his desired Grand Compromise of cutting social programs in order to reduce the deficit the GOP’s refusal…

  • Why Paul Ryan fears Simpson-Bowles and the Grand Compromise (w/update)

    The “conservatives” do not now and have never opposed increasing the Federal debt. Ron Reagan tripled the debt. Dick Cheney famously told advisers that deficits don’t matter. George Bush took a balanced budget and set it on fire, doubled the debt, and left the Obama administration such fiscal shambles that…

  • Debt: Essence of the first 500 odd reviews

    Where does this leave Graeber’s other alternative approach, the credit theories of money? In asserting that debt is the essence of money, Graeber seems to be saying two quite different things. First, there is the argument we have already seen that money is not a thing but an abstract unit…

  • The Left inability to come to grips with the financial crisis or anything else

    Professor Michael Hudson provides this terribly misleading story about the financial crisis to a German interviewer – it’s a plausible, maybe even a compelling story but it’s profoundly wrong. Prof. Hudson: No, that’s the trick that they are playing. For instance, in the United States the largest bank is Citibank.…

  • Michael Hudson and Thermonuclear War

    I was going to go over some of the distorted lefty narrative in Michael Hudson’s interview about his new book, but I had a hard time getting past this: [Herman Kahn] was basically a military theorist who wrote a very good book on atomic warfare, saying that some people would…