Inflation is a game of cat and mouse. I have been reading David Romer’s class notes called Short-run fluctuations.
Part of his paper deals with a model to explain inflation in a liquidity trap. The model is based on real interest rates, output, expected inflation, Keynesian cross and IS-MP model stuff. He writes… “An economy where the nominal interest rate is zero poses severe challenges for policymakers. If output is less than its natural rate, inflation will tend to fall.
Why Conservatives Like The Gold Standard. Nathan Tankus: Krugman von Hayek. By Nathan Tankus, a student and research assistant at the University of Ottawa.
He is currently a Visiting Researcher at the Fields Institute. You can follow him on Twitter at @NathanTankus Mainstream economic discussions employ a false dichotomy. San Diego News, Local, California and National News. The Progressive Radio Show. Latest US news, world news, sport and comment from the Guardian. The New York Times - Breaking News, World News & Multimedia. Bill Moyers Journal: Bill Moyers talks with Thomas Frank: Web Exclusive. But this was the subject of my 2000 book, ONE MARKET UNDER GOD, which discussed NAFTA and the Telecommunications Act at some length.
THE WRECKING CREW is an effort to explain the particular species of corruption we see in Washington today. Clinton's contributions here were not insignificant, but they were more passive than active. His celebration of outsourcing set up the government-for-profit of the Bush era. His war on federal wages ensured that government would remain an unattractive career option, especially when compared to what's offered by the contractors who are our de facto government today. Vanity Fair. Left Business Observer. Smart, Fearless Journalism. Naked capitalism. ARTICLES IN THE NEWS . . . . . . . . . . . . . . . . COMMENTS, FEEDBACK, IDEAS. Why Do Banks Get Away With Murder? Why Do Banks Get Away With Murder? Henry C.K.Liu Home. Henry C.K.Liu Home. Financial Sector Thinks It’s About Ready To Ruin World Again.
NEW YORK—Claiming that enough time had surely passed since they last caused a global economic meltdown, top executives from the U.S. financial sector told reporters Monday that they are just about ready to completely destroy the world again.
Representatives from all major banking and investment institutions cited recent increases in consumer spending, rebounding home prices, and a stabilizing unemployment rate as confirmation that the time had once again come to inflict another round of catastrophic financial losses on individuals and businesses worldwide. “It’s been about five or six years since we last crippled every major market on the planet, so it seems like the time is right for us to get back out there and start ruining the lives of billions of people again,” said Goldman Sachs CEO Lloyd Blankfein. Steve Keen's Debtwatch. I’ve attended two conferences in two days where both the power and the impotence of the European Central Bank (EBC) have been on vivid display.
Its political power is considerable, both in form and in substance. At both seminars, the ECB speaker—ECB Board member Peter Praet at the first, and ECB President Mario Draghi at the second—spoke first, and then left. In form, the ECB has no need to defend its policies because it is unimpeachable in its execution of them. In substance, it does not even considering engaging with its subjects—I use the word deliberately—in open and robust discussion.
The position of the economy in the environment is a shared blindspot in economics: no existing school handles the topic well, and yet this is the key issue we need to understand. What is Behind the Inflation Numbers? Susan George (political scientist) Susan George (born June 29, 1934) is a well-known Franco-American political and social scientist, activist and writer on global social justice, Third World poverty, underdevelopment and debt. She is a fellow and president of the board of the Transnational Institute in Amsterdam. Calculated Risk. Music News, Politics, Reviews, Photos, Videos, Interviews and More. The Physics of Finance. Politics, Business, Technology, and the Arts - Slate Magazine. PERI: Home. CEPR. Bloomberg - Business, Financial & Economic News, Stock Quotes.
Los Angeles Times - California, national and world news - latimes.com. With New Internet and Cell Phone Rules, Federal Communications Commission Approves Mass Sell-off of Public Airwaves. This is a rush transcript.
Copy may not be in its final form. AMY GOODMAN: As we talk about media consolidation, I wanted to go to a new issue. As Rupert Murdoch’s purchase of Dow Jones and The Wall Street Journal dominated headlines this week, another media story of great significance has been overshadowed: The Federal Communications Commission has approved a set of rules to auction off a sizable chunk of the public airwaves. These rules will guide how the FCC sells licenses to use the public airwaves for wireless phones and Internet access. This story might not have made the front page of your local newspaper, but the FCC’s actions will likely affect the lives of everyone in this country that uses the Internet and mobile phones. Ryan Powers. Ryan Powers Posts by Ryan Powers Politics Dr.
Hard Times for Student Borrowers. Kelly Lynch, a former Columbia College Chicago film and video major, is paying educational loan lender Sallie Mae $600 a month, about 1 percent of his total student loan debt of $60,000.
Though Lynch, 21, never received his degree from Columbia and barely survives with freelance film and video work, he considers himself lucky. Lynch consolidated his loans through Sallie Mae a few months before the nation’s largest student loan lender suspended its student loan consolidation program in April. The policy shift left many other young borrowers with inflated interest rates. Shadow Government Statistics - Home Page. The Money Party (5): "Us versus Them"
Last Letters Home. How the GOP Will Benefit From Impending Economic Collapse. Republicans benefit from the fact that recessions are class conscious, affecting worse those who can least afford them.
An era of highly leveraged US economic expansion and empire is about to come crashing down and swept away. Count on the GOP to make out like bandits. It seems like ages ago, the US was at peace, there was a budget surplus, the economy was growing, and the unemployment rate was very low. But not everyone was happy. How the GOP Will Benefit From Impending Economic Collapse.