krebscycle

  • Conservative freeloaders

    Republicans might have won a state house seat in Kentucky Tuesday illustrating the moral emptiness of Republicans/Conservatives/Libertarians. One of the campaign issues was that the GOP candidate’s family got millions in farm subsidies. But to Republicans/Conservatives, handouts they get are not handouts. Agriculture Commissioner James Comer told the Herald-Leader Tuesday…

  • Dodd-Frank banking reform

    Moody’s Investors Service cut its ratings on four of the biggest U.S. banks after deciding the government would be less likely to help them repay creditors in a crisis. Bloomberg Nov 15, 2013 6:07 AM CT Remember the Too Big to Fail Banks (TBTF)? Dodd-Frank makes it easier for the…

  • Ted Rall’s progressive delusion

    Fresh off of a ape-style cartoon of President Obama that was even too much for the DailyKos, progressive cartoonist Ted Rall decided to take the late Nelson Mandela to task for betraying the revolution that Ted masterminded in his basement. His explanation is classic progressive bullshit – apparently Mandela left…

  • Economics – comparative advantage is slaver ideology

    Economics – comparative advantage is slaver ideology

    One of the most sacred doctrines of mainstream economics is the theory of “comparative advantage”, first developed by Adam Smith and then by David Ricardo in the early 1800s. At the time, American economists from Free States denounced the theory as “British imperialism” because it tried to justify a never-ending…

  • Glenn Greenwald’s doctrine of white supremacy

    Thurgood Marshall was not nostalgic about the US Constitution. I do not believe that the meaning of the Constitution was forever “fixed” at the Philadelphia Convention. Nor do I find the wisdom, foresight, and sense of justice exhibited by the Framers particularly profound. To the contrary, the government they devised…

  • Bullshit jobs

    David Graeber asked a striking question: what causes the proliferation of bogus “work”? “Huge swathes of people, in Europe and North America in particular, spend their entire working lives performing tasks they secretly believe do not really need to be performed. The moral and spiritual damage that comes from this…

  • The right wing fake science called mainstream economics

    Here’s Greg Manikiw’s introduction to the Principles of Economics. On page 5 we learn that “Equality” and “Efficiency” are generally contradictory goals in economic policy. “When government redistributes wealth from the rich to the poor it reduces the reward for working hard; as a result people work less and produce…

  • German banks and Detroit Pensions

    From the New York Times on Detroit’s pension plan troubles. >”German banks were big buyers of Detroit’s pension debt; now they are complaining that they were told it was sovereign debt, as if it were issued by a national government.” They were told? By who? Some guy in the Admiral’s…

  • The mysterious charm of austerity

    Desire for a low wage, low education workforce and simple short sighted greed could easily explain why cutting government social programs is so popular among the elite, but the question of why anyone can get voted into office on that platform seems mystifying to our Progressive friends. The well documented…

  • Debating Progressives

    We start with me being, I admit, a trifle exasperated. The level of narrative driven stupidity in liberal press coverage of Fed Chair is infuriating. — rootless (@root_e ) September 16, 2013 //platform.twitter.com/widgets.js Dante Atkins, “Featured writer, DailyKos” pops up to engage. @root_e I can give you a ton of…