December 21, 2012

Some comments of the day

 Some modest proposals

The author is not an economist, but the economic system he describes on Guernsey was called "chartlatism," or now days "Modern Monetary Theory". MMT is currently taught at the University of Missouri at Kansas City, but not at the Ivy League schools.  Morning Line: Some modest proposals  = Dan Lynch

Movements that worked in 2012
What about Occupy? Movements that worked in 2012  - mamadoc

 Fiscal Cliff

That is one of the issues with this whole cliff thing. Every potential solution relies upon the assumption of economic growth. Since we are very unlikely to get economic growth other than a little funny money ending up in the pockets of the 1%, none of the solutions hold water. What we need to do is smartly shrink the economy by giving up things like the war machine and fossil fuels. Without the war machine and disaster relief, current revenues would handle things just fine. on Morning Line: When we step back from the cliff  -greg gerritt

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