krebscycle

Category: Uncategorized

  • States Rights

    Theodore Parker on the Fugitive Slave Act: Yes, we are the vassals of Virginia. She reaches her arm over the graves of our mothers, and kidnaps men in the city of the Puritans; over the graves of Samuel Adams aNd John Hancock. [Cries of’Shame!’]’ Shame!’ so I say; but who…

  • Confederate economics

    Protecting slavery and prohibiting government assistance for economic development – that’s most of what the Slave states changed when they seceded and came up with a modified “Confederate” constitution based on the actual US constitution.The leaders of the Confederacy wanted a nation composed of  slaves, poor white people to be…

  • Dividend Recap

    “Dividend recap” is a great finance term that more people should know. It is a type of transaction that is common in the private equity world, the world of  Mitt Romney’s Bain Capital. Basically the idea is that you take control of a company and then make the company borrow…

  • Smearing Trayvon Martin versus 9th grade journalism

    Rene Stutzman of the Orlando Sentinal published a terrible, deceptive, and propagandistic article on Trayvon Martin’s killing. The first paragraph, the lede as we learned to call it in 9th grade, is frankly despicable. Here’s what she wrote: With a single punch, Trayvon Martin decked the Neighborhood Watch volunteer who…

  • Manufacturing, economics, and democracy

    (From 2012 when Tesla and Facebook were far less pernicious and when Obama made things look more hopeful) President Obama wants the government to do more to help rebuild America’s manufacturing. Many economists have responded to his initiative by giving their opinion on the question of “Should the government intervene…

  • Christina Romer and manufacturing

    In the his state of the union speech, President Obama stressed the importance of rebuilding a manufacturing economy. This idea is not popular among “liberal” economists. During the worst of the panic in 2009, Robert Reich  piped up attack the auto rescue  because we should all work in the service…

  • It is all about me, after all.

    Fred de Boer has an essay up on his admiration for Ron Paul and how the mean people berate him about it. Fourteen paragraphs – not including updates. Here’s some starting phrases/sentences for each paragraph – except for the 4 that do not begin with I or we. When I…

  • Left behind – the US “left” wanders off to nowhere

    originally published at The People’s View. Dean Baker is widely seen as “to the left” of Barack Obama and Obama’s famously (among some people) evil “neoliberal” economic team. But Baker, like Robert Reich and to some extent Paul Krugman, are deeply committed to a orthodox economics ideology that is essentially…

  • Why do we need private depository banks? (updated)

    Banks make money via statistics that allow them to lend out most of the money they have on deposit and keep just a small “reserve” in cash. Suppose 1000 people all deposit $1000 getting say %1 interest and the bank lends $900,000 to other people getting %8 interest while keeping…

  • Vanguardism and the left

    Originally published as “Fight the People” in ThePeoplesView. In 1967, the Students for a Democratic Society (SDS) was a hugely successful political organization – with chapters in even some of the most conservative universities and a key role in a multi-racial diverse movement against the Vietnam war that united pacifists…