in remote Korawan, … have come up with a novel bank which exclusively deals with goats – accepting the animal as savings and lending it out as loans. “Prema and her friends hailing from Afrozi village have establish a bank which deals exclusively in goats,” development block coordinator Subedar Singh told PTI. … … Continue reading Goat standard, not gold standard
Tow Truck FAIL
From Tow Truck FAIL
War crime / impeachment compromise
Now that W freely admits that he ordered the water boarding; any talk of impeachment by the GOP should be followed by DOJ talks about a war crime trial. Cynicism at its best and/or worst.
Glenn Beck’s five-point plan for world domination
In Tuesday’s first installment of his series on George Soros’ supposed quest for world domination, Glenn Beck accused the billionaire of – among many, many other things – following a five-point “formula” to gain control of the United States. From Salon.com Emma Mustich points out that all of the points used to demonstrate a Soros… Continue reading Glenn Beck’s five-point plan for world domination
Rand Paul Gets Pissy With Eliot Spitzer for Asking Him to Name Specific Budget Cuts
Eliot Spitzer and Rand Paul had a rather contentious debate over his income, his stance on Medicare payments for doctors being reduced and just what he’d cut to balance the federal budget… From Video Cafe Rand Paul demonstrates that Socialism is when the government helps other people. This is why Rand Paul is a joke. He has sincere,… Continue reading Rand Paul Gets Pissy With Eliot Spitzer for Asking Him to Name Specific Budget Cuts
The Big Lie
It seems to me that the last year or so in America’s political culture has represented the triumph of untruth. And the untruth was propagated by a deliberate, simple and systemic campaign to kill Obama’s presidency in its crib. Emergency measures in a near-unprecedented economic collapse – the bank bailout, the auto-bailout, the stimulus –… Continue reading The Big Lie
US Trade Deficit is Half Oil
A government official emphasized to me today what should be clear to anyone who follows Calculated Risk’s charts, namely that a huge element of our trade deficit has nothing to do with China or manufacturing but is instead driven by oil: Now it’s not unusual that the US is a net oil importer. Most countries… Continue reading US Trade Deficit is Half Oil
Can liberalism save capitalism from conservatism?
Conservatives have long succeeded in persuading business that they are its friends and liberals are its enemies. In reality, the reverse is true. Liberalism saved American capitalism during the depression, and if American capitalism is to be saved from the Great Recession, liberals will have to rescue it. Modern conservatives claim to be pro-business. But… Continue reading Can liberalism save capitalism from conservatism?
Stopping GOP bailouts and GOP socialism
Can we borrow a page from the tea party and start referring to the corporate subsidies and tax breaks to the energy, defense and agribusiness firms as bailouts? And any no-bid or closed-door contract as a take-over? And any new program or spending as socialism? I realize that this is a cynical way of doing it, but why not take… Continue reading Stopping GOP bailouts and GOP socialism
QE Is Not CM
QE is basically expansionary monetary policy, no different in its effects (if it works) from reducing the policy interest rate. Yes, it tends to weaken the exchange rate; but it also increases domestic demand. China is engaged in currency manipulation, that is, buying foreign currency to keep the yuan weak; meanwhile, it is actually moving… Continue reading QE Is Not CM