economics

Wealth inequality in America ~ Disturbing graphic

Wealth inequality in America ~ Very interesting video on the how perception of America's distribution of wealth differs hugely from the reality. Exceedingly well done animated graphics tell a disturbing story of where wealth resides in America, and, as important,...

“Great Recession” public assets land grab ~ Michael Hudson

I didn't plan on watching the whole talk by Economist Michael Hudson but, as an old MBA student, I couldn't let go. http://www.youtube.com/watch?v=JZQqrxHGcoQ Hudson makes the argument that executives running the conventional banking system have created a false belief...

Iceland’s response to the economic crisis ~ What can we learn

The ascertain here is that during the housing/derivative/financial crisis, bailing out the banks was NOT the ONLY solution. It was merely the best solution for banks that by-and-large caused the crisis. The victims of the crisis, the home owners, did not benefit from...

Increasing U.S. oil production will NOT reduce U.S. gas prices or unemployment ~ Paul Krugman

Nobel economist Paul Krugman argues that the GOP's goal of increasing U.S. oil production will not help gas prices. The logic is simple: Prices for oil and gas are set by world supply and demand. China's huge demand is the likely cause of recent gas increases. The...

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