Monthly Archives: February 2013

The headwinds of America

Ars Technica has a short post up reporting on a discussion about slowing US economic growth at a TED conference. The first speaker apparently characterized the problem thus: In his talk today, Gordon named four “headwinds” that confront the nation—demographics, … Continue reading

Posted in neo-liberalism, private debt, standards of living, wealth distribution | Leave a comment

A view on bubbles

Interesting post up at New Economic Perspectives: Sometimes, something interesting and seemingly contradictory can happen in the economy. And when it does, it has important implications for the economy’s financial stability. That interesting thing is this: Private sector net worth … Continue reading

Posted in debt, macroeconomics, MMT, private debt, science, wealth distribution | Leave a comment

The morality and strategy of UAV use

Stratfor has a very interesting post up where they discuss different aspects of UAV warfare. Apart from such aspects as pointing out that according to the Geneva convention conflict forces have to be identifiable or face the consequences and arguing … Continue reading

Posted in geostrategy, warfare | Leave a comment

The German austerians are at it again

Remember when the troika not so subtly put pressure on Greek voters before the latest elections – hinting that the loans would be cut off in case Syriza won and followed through on their campaign promises? Well, now that Berlusconi … Continue reading

Posted in austerity, debt, economic policy, election campaign, eurocrisis, media, oligarchy, public debt | Leave a comment

Originally posted on occasional links & commentary:
You don’t have to be a macroeconomist to understand why inflation has virtually disappeared in Greece. The official inflation rate fell to 0.2 percent in January, while the EU-harmonized consumer inflation rate was 0.0…

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The Japanese picture is getting clearer (for me)

Heiner Flassbeck discusses Krugman’s take on Japan at his site Flassbeck-Economics. In particular, he criticizes the view of Japan’s lack of inflation as being related to a “liquidity trap”, and points out: Nominal wages (compensation of employees) have been falling … Continue reading

Posted in austerity, belief systems, economic policy, eurocrisis, neo-liberalism | Leave a comment

Fewer imports doesn’t mean your working population is doing well

I was at the gym yesterday and like most slightly upscale gyms (not very upscale since I never understood the need to pay upwards of 100 euros to lift weights) it shows news channels on several TV screens. One of … Continue reading

Posted in belief systems, developed countries, economic policy, macroeconomics, MMT, neo-liberalism, wealth distribution | Leave a comment