Economic Retrospective
VIDEO 2012 ... The next Great Depression -- Obama's Legacy will be the Collapse of America ... an alternative view of the US economy in 2010 using ideas from the Great Depression of the 1930s
TPB note 170907 : The video associated with this file has been deleted (by YouTube ??)for some reason. There are earlier TPB notes in this file that talk about the growing importance of misinformation in the prevailing political dialog and how dangerous this is.
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Jon Stewart: Economics
Comedy Central’s The Daily Show, broadcast ... Jon Stewart: On Warren Buffett, socialism and class warfare
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Jon Stewart: Economics
Comedy Central’s The Daily Show, broadcast ... Jon Stewart: How the poor should solve the economic crisis
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The economy is a 'machine', not a 'body'
AJE Opinion ... Paul Rosenberg ... The unseen power of metaphors in guiding how we think could be key to escaping from a prolonged economic crisis.
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The price of 9/11
Opinion ... Joseph E Stiglitz ... Ten years after 9/11, al-Qaeda has been greatly weakened; but the price paid by the US was enormous, and unnecessary.
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The outsourcing bogeyman
Opinion ... Jagdish Bhaghwati ... Outsourcing benefits all countries by focusing on competitive advantage, but many politicians do not understand this.
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Economic stimulus
Rachel Maddow on economic stimulus ... A collection of historic facts that show economic stimulus works
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Youth employment
Gwyn Morgan Troy Media Alberta ... Youth unemployment the most dangerous force in the world
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Is inflation the answer?
AJE Opinion ... Raghuram Rajan ... Using inflation as a tool to restore economic health in the US is a risky strategy - and may just make matters worse.
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Outlook August 2011
VIDEO ... Max Keiser- WW3 is on as Wall St. banks plunder economy.
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Who can we trust to solve the debt crisis?
AJE Opinion ... Danny Schechter ... The world's public is realising that their leaders have no idea what to do about an increasingly global economic crisis.
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Fake Economy
Kevin Drum ... Why Fake Savings Are As Good as Real Savings
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Global Economy
IMF Annual Meeting has focus on Europe ... IMF warns global economic slowdown entering ‘dangerous new phase’ ... reported by Howard Schneider,
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Prominent Economists
Erik Nielson ... Chief economist at Unicredit in London. Danish with experience at IMF, World Bank and Goldman Sachs
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The Eurozone's Three Fatal Flaws
Charles Hugh Smith makes the case that the basic structure of the Eurozone is fatally flawed.
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Global Economy
AJE Business ... Warning about the US economy from the Federal Reserve sends world stocks plummeting.
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How to prevent a depression
AJE Opinion ... Nouriel Roubini ... The most viable option to restore competitiveness and growth is for peripheral countries to exit the eurozone.
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Liberating nations from public debt
Opinion ... Mohamed Rabie ... An alternative solution to the financial crisis is to create a single global currency to manage debt requirements.
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This crisis requires some imagination
AJE Opinion ... Dani Rodrik ... Europe is getting nowhere trying the same failed ideas to solve the financial crisis: it's time to think outside the box.
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The great debt scare
AJE Opinion ... Robert Shiller ... The drop in economic confidence was sharper in July 2011 than it was in 2008, due to fears of a US debt default.
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Steady State Economy
Herman Daly on the 2008 Credit Crisis, Financial Assets, and Real Wealth
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Steady State Economy
Comment stream from essay by Herman Daly on the 2008 Credit Crisis, Financial Assets, and Real Wealth
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America needs a new New Deal
AJE Opinion ... Paul Rosenberg ... Since Roosevelt's era, infrastructure, manufacturing and the viability of our ecosystem have declined dramatically.
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US Monetary Economy
By Adam Belz, USA TODAY ... Kansas City Fed chief Thomas Hoenig sounds alarm
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Is the world too big to fail?
AJE Opinion ... Noam Chomsky explains how the global order of power has been created and describes the mechanisms behind its continuity.
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People ... Media
Bill Moyers
December 3, 2011 Bill Moyers Essay: Plutocracy and Democracy Don’t Mix ... as fresh as ever and very very suited to the times
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Society and Economy
Economics
Economics Of Abundance Getting Some Well Deserved Attention
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Society and Economics
Economics
Step One To Embracing A Lack Of Scarcity: Recognize What Market You're Really In
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Policy, Society and Economics
Jeffrey Sachs
Jeffrey Sachs: 'That's not a free market, that's a game'
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Economics, Society and Economy
Most economic indicators show US deterioration since 1980
From Dave Johnson ... Reagan Revolution Home To Roost -- In Charts
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More predictions for 2012
John Terrett: 2012 ... What's in store for the global economy?
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Economics, Society and Economy
Good times down Latin America's way
The outlook for Latin America remains positive in 2012 - despite reduced Chinese and Indian demand for raw materials.
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Incentives
Dean Baker ... Rents are too high: The Apple edition ... Many economists wonder whether society could get the same effort from entrepreneurs if financial rewards were decreased.
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Economic Theory
Rey Ty ... It is not only Adam Smith's Wealth of Nations that matters, but also the background and context described in his Theory of Moral Sentiment
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Economic Theory
Economic Theorists of history ... Adam Smith, Karl Marx, Max Weber, John Maynard Keynes and Milton Friedman
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What makes the economy dysfunctional
Stephan Richter ... Is the source of America's prosperity its much-maligned bureaucracy? ... Bureaucracy as a Root of American Prosperity
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Capitalism
How it is working ... Branko Milanovic explores the reasons why ... Adam Smiths of Capital, Friedrich Lists of Labor
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The dynamic of bubbles
Robert Shiller ... Bubbles without markets ... The recent worldwide financial crisis pales in comparison with earlier 'bubbles' promoted by totalitarian regimes.
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The failure of Republican economics
Paul Rosenberg ... Those clinging to Bush-era ideologies and illusions show they simply do not understand economics.
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Analysis of 2007/2008 financial crisis
Paul Rosenberg ... Prosperity economics: Answering America's top unasked questions The whole narrative of the economic crisis facing America has been framed wrong since the beginning.
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Analysis of 2007/2008 financial crisis
Paul Rosenberg ... Prosperity economics: Answering America's top unasked questions The whole narrative of the economic crisis facing America has been framed wrong since the beginning.
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How the US economy works
Goutham Bhadri ... It's the entrepreneurs, stupid! ... The entrepreneurial spirit that guided every great surge of innovation in America's past is as alive as it's ever been.
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Social Capital Markets
Charles Cameron ... From 2009 ... Who will build a more efficient marketplace? ... This week is Social Capital Markets week!
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Economic Ideas
Fortune ... Colvin and Sloan ... Forget Washington: Here's how we'd fix the economy
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Village economics
Economic dynamics ... A powerpoint presentation prepared by Peter Burgess in 2006 to highlight the mechanics of economic development at the village level
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Dysfunctional Economics
Dean Baker on The wrecking society: Economics today ... The amount of damage being inflicted on countries around the world by bad economic policy is astounding, writes Baker.
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Stuff ... the makings of a 'Wastonomy'
The Stream tackles the subject of 'stuff' and consumerism with a great group of serious activists who are making a difference
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Inequality
Dean Baker ... Inequality: The silly tales economists like to tell ... Some economists don't get paid to know about the economy, but to justify the trickle-up of wealth.
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Plutocracy Rising
Bill Moyers, Chrystia Freeland and Matt Taibbi ... Plutocracy Rising. Bill Moyers in conversation with Chrystia Freeland and Matt Taibbi
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Trade Deficits and Fiat Currencies
Robert Murphy ... Mises Institute ... Trade Deficits and Fiat Currencies
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The limits of GDP
The limits of GDP ... Measuring well-being beyond GDP ... The most successful is the UNDP Human Development Index
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2008 Economic Crisis
Professor Richard Wolff | The New School | Screened March 2010 ... Capitalism Hits the Fan Film Screening and Q&A with
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Systemic Dysfunction
DEMOS Policy Blog ... High Profits, Low Wages, and the Growth of Inequality
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Capitalism
What about Capitalism?, This review by Stergios D. Marangos is from: Socialism: An Economic and Sociological Analysis (Paperback)
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Inequality
Trends ... Inequality ...
Liebrary - Does giving the 1% greater rewards benefit everyone? Compare data for Britain and France to see this is not true
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Record Corporate Profits
Economix Blog ... By CATHERINE RAMPELL ... Corporate Profits After Tax doing very well while everyone else is in economic trouble
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The US Fiscal Cliff
Robert Reich ... UNDERSTANDING THE FISCAL CLIFF (VIDEO) ... 8 IDEAS THAT MATTER
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EuroZone Crisis
AJE News Europe ... Global economy 'set for sharp downturn' Eurozone debt crisis 'remains the greatest threat to the world economy at present', the OECD warns.
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Country ... USA 40 Years of Gutting the Economy
Financial Firms Have Been Hollowing Out America for Decades -- Now We're on the Verge of a Debtpocalypse
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All transaction ... No value
Brecht Forum ... Mark Ames ... MILTON FRIEDMAN: FROM CORPORATE SHILL TO NOBEL LAUREATE
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Profits up ... Wages down
Dean Baker ... Profit share hits record high ... If economic debates in the US were focused on reality, the demand gap would be at the centre of the discussion.
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SCHUMPETERIAN PROFITS IN THE AMERICAN ECONOMY: THEORY AND MEASUREMENT ... William D. Nordhaus ... 2004
This paper concludes that profits from innovation are quite small and that consumers absorb much of the value derived from innovation. The analysis is based on government statistics and seem to be very different from my own personal experience and the 'unicorn' performance of many tech companies.
'http://truevaluemetrics.org/DBpdfs/Economics/NBER/Nordhaus-Schumpeterian-profits-in-the-Ameican-economy-2004.pdf'
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THE EMERGING MIDDLE CLASS IN DEVELOPING COUNTRIES by Homi Kharas ... OECD DEVELOPMENT CENTRE ... January 2010
“The most important development, I believe, of the 21st century will be the rise of Asia. China has already trebled its share of world GDP over the past two decades and India has doubled it. Both these giant economies of Asia are bound to gain a considerable part of their share of world GDP that they had lost during the two centuries of European colonialism. . . . “36. This quote from India’s Prime Minister, Manmohan Singh, encapsulates the optimism that continues to dominate economic scenarios for India, China and indeed Asia and the world.
'http://truevaluemetrics.org/DBpdfs/Economics/OECD/OECD_EmegingMiddleClass.pdf'
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Global growth: Can productivity save the day in an aging world? ... by the McKinsey Global Institute (MGI) ... 2015
MGI states 'GDP has grown exceptionally rapidly over the past 50 years, powered by the twin engines of employment growth and productivity growth. But employment growth is set to slow dramatically, placing the onus on productivity growth to drive the world economy.'
This report is only about the money economy, and ignores completely the existential risks of social and environmental degradation caused by a dysfunctional focus on profit and benefit for owners!
'http://truevaluemetrics.org/DBpdfs/Economics/Demographics/MGI-Global-Growth-Full-Report.pdf'
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Economic Commentary ... A Newsletter of First Affirmative Financial Network ... April 2013
Raises question about the correlation between the performance of the stock market and the underlying performance of the economy
Uses the metaphor of two drunks connected by a long rope ... they can't get too far apart, but they don't always go in the same direction!
'http://truevaluemetrics.org/DBpdfs/Economics/FA-Economic-Commentary-130401.pdf'
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Death-of-a-yuppie-dream
'http://truevaluemetrics.org/DBpdfs/Economics/Death-of-a-yuppie-dream.pdf'
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Intelligence-Squared-Financial-Crisis-031709
'http://truevaluemetrics.org/DBpdfs/Economics/Intelligence-Squared-Financial-Crisis-031709.pdf'
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BBC-The-Shock-Martin-Wolf
'http://truevaluemetrics.org/DBpdfs/Economics/BBC-The-Shock-Martin-Wolf.pdf'
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GDP-Bradford-De-Long-Estimates-1998-Paper
'http://truevaluemetrics.org/DBpdfs/Economics/GDP/GDP-Bradford-De-Long-Estimates-1998-Paper.pdf'
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Median Household Income Growth: Deflating the American Dream ... by Doug Short ... September 16, 2014
What is the single best indicator of the American Dream? Many would point to household income growth. The Census Bureau has now published some selected annual household income data in a new report: Income and Poverty in the United States: 2013. Last year the median (middle) household income was $51,939 a 1.8% yearoveryear increase that shrinks to 0.3% when adjusted for inflation. Let's put the new release into a larger historical context. Our study of the Census Bureau's historical data shows a 627% growth in median household incomes from 1967 through 2013. The ride has been bumpy, but it equates to a 4.41% annualized growth rate. Sounds impressive, but if you adjust for inflation using the Census Bureau's method, that nominal 627% total growth shrinks to about 19%, a 'real' annualized growth rate of 0.38%. But if we dig a bit deeper into the method of inflation adjustment, the American Dream looks more like an illusion, as in 'money illusion'.
'http://truevaluemetrics.org/DBpdfs/Economics/AdvisorPerspectives/Advisor-Perspectives-Median-Household-Income-Growth-Doug-Short-2014.pdf'
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