Saving the Rich, Losing the Economy

When There's Nothing Left to Lose by Paul Craig Roberts CounterPunch (September 26 2011) Economic policy in the United States and Europe has failed, and people are suffering. Economic policy failed for three reasons:  (1) policymakers focused on enabling offshoring corporations to move middle class jobs, and the consumer demand, tax base, GDP, and careers … Continue reading Saving the Rich, Losing the Economy

Peak Oil: Laherrere responds to Daniel Yergin

by Matthieu Auzanneau, Le Monde {1} Translated from French by Natasha Club Orlov (September 24 2011) Jean Laherrere, co-founder of the Association for the Study of Peak Oil, a retired expert from Total, picks apart the latest analysis from the champion of optimists, the American Daniel Yergin. Daniel Yergin is back. The author of The … Continue reading Peak Oil: Laherrere responds to Daniel Yergin

Modern Money Blog Number Sixteen – Responses

Problems with the Design of the Euro Responses to Comments on MMP Blog Number Sixteen by L Randall Wray New Economic Perspectives (September 21 2011) Sorry, got to be brief - for an explanation go here: http://www.economonitor.com/lrwray/2011/09/21/fear-of-flying/ I'll have to punt a bit on some of the techie details on operations within the Euroland. Maybe … Continue reading Modern Money Blog Number Sixteen – Responses

A More Progressive Tax System Makes People Happier

by ScienceDaily staff ScienceDaily (September 06 2011) The way some people talk, you'd think that a flat tax system  -  in which everyone pays at the same rate regardless of income  -  would make citizens feel better than more progressive taxation, where wealthier people are taxed at higher rates. Indeed, the US has been diminishing … Continue reading A More Progressive Tax System Makes People Happier