Posted by: Jayme Johnson on: June 12, 2011
The nation’s second-largest financial redistribution in history (the largest, on a percentage basis, occurred in 1929) came in 2007 and 2008 — from small investors and their pension funds to the Street’s savvy traders who shorted them. Now it’s been repeated, although on a smaller scale. And Washington? Completely clueless. Our representatives in the nation’s [...]
Posted by: Jayme Johnson on: March 1, 2011
Any meaningful economic reform must include a loosening of the military’s grip on the economy. If that does not happen — if the man on the street is still locked out of the job he wants because his uncle isn’t a colonel, if an olive-oil vendor can’t get a license because the military contractor maintains [...]
Posted by: Jayme Johnson on: November 16, 2010
A Mechanical Manifesto via A Mechanical Manifesto – NYTimes.com. Also, another critique of Brooks here
Posted by: Jayme Johnson on: November 14, 2010
Suppose economic activity moves from the real world into the virtual world. Human happiness is unaffected or even goes up, however, the goods that produce the happiness are now produced and consumed in a virtual environment rather than the real one. via Terra Nova: An Exodus Recession?.
