"It is easy to confuse what is with what ought to be, especially when what is has worked out in your favor."
- Tyrion Lannister
"Lannister. Baratheon. Stark. Tyrell. They're all just spokes on a wheel. This one's on top, then that's ones on top and on and on it spins, crushing those on the ground. I'm not going to stop the wheel. I'm going to break the wheel."
- Daenerys Targaryen
"The Lord of Light wants his enemies burned. The Drowned God wants them drowned. Why are all the gods such vicious cunts? Where's the God of Tits and Wine?"
- Tyrion Lannister
"The common people pray for rain, healthy children, and a summer that never ends. It is no matter to them if the high lords play their game of thrones, so long as they are left in peace. They never are."
- Jorah Mormont
"These bad people are what I'm good at. Out talking them. Out thinking them."
- Tyrion Lannister
"What happened? I think fundamentals were trumped by mechanics and, to a lesser extent, by demographics."
- Michael Barone
"If you want to know what God thinks of money, just look at the people he gave it to."
- Dorothy Parker
Friday, August 17, 2018
Tuesday, August 14, 2018
Friday, August 10, 2018
The government sets the amount of demand via interest rates and the cost of credit. If it's too high, people won't borrow and invest and demand won't be enough.
But if the government does this for too long you'll get deflation. The question is why don't we get deflation sooner.
Instead of deflation advanced economies seem to get stuck in a Japanese rut where they can't make inflation, especially when they don't try very hard.
If the government provides enough stimulus or adjusts rates so there's enough aggregate demand, then labor markets will tighten and workers will see wage increases.
Today though we have oligopolies and monopsony and a taboo about raising wages despite low unemployment.
Thursday, August 09, 2018
Wednesday, August 01, 2018
What’s So Special About Finland? The American Dream is alive and well—in Northern Europe. by Uri Friedman
Monday, July 30, 2018
Could a Universal Basic Income Become a Political Reality? by Clio Chang
Why the world should adopt a basic income by Guy Standing
Labour set to include pilot of radical basic income policy in next manifesto, John McDonnell says
What if you could sue the government for a job? by Jeff Spross
Universal basic income vs jobs guarantees: which one will make us happier? by Cory Doctorow
Should Democrats play it safe with a job guarantee? by Jeff Spross
Reorienting Fiscal Policy: A Critical Assessment of Fiscal Fine-Tuning by Tcherneva
Universal Basic Income Is Not the Solution to Poverty by Felix Salmon
What if the Government Gave Everyone a Paycheck? by Robert Reich
Here’s the one book every millennial and Gen Z new graduate should read (and it’s not Dr. Seuss) by Erin Kaine (on David Graeber)
"My forthcoming book will be called "The Case For People's QE" and will be published by Polity, probably in Spring 2019." - Frances Coppola
Who Really Stands to Win from Universal Basic Income? By Nathan Heller
Do We Need a Universal Basic Income? A Debate. BY MATT BRUENIG REBUTTAL BY ROHAN GREY & RAÚL CARRILLO
Yes, a Jobs Guarantee Could Create “Boondoggles.” It Also Might Save the Planet. by Kate Aronoff
10 Principles for a Federal Job Guarantee By Angela Glover Blackwell, Sarah Treuhaft, Darrick Hamilton, and William Darity, Jr.
excellent podcast on JG-UBI by Current Affairs
Robert Reich video on JG
Democrats’ Next Big Thing: Government-Guaranteed Jobs by Jim Tankersley
Three Ways to Design a Democratic Job Guarantee by Alexander Kolokotronis
Stephanie Kelton Has The Biggest Idea In Washington by Zach Carter
PUBLIC SERVICE: EMPLOYMENT:A PATH TO FULLEMPLOYMENT by L. Randall Wray, Flavia Dantas, Scott Fullwiler, Pavlina R. Tcherneva, and Stephanie A. Kelton (April 2018)
The Job Guarantee:Design, Jobs, and Implementation by Tcherneva (April 2018)
Why We Need a Federal Job Guarantee by Mark Paul, William Darity Jr and Darrick Hamilton
BASIC INCOME, NOT BASIC JOBS: AGAINST HIJACKING UTOPIA by Scott Anderson
The Job Guarantee Controversy by Timothy Taylor
JOB GUARANTEE: MARXIST OR KEYNESIAN? by Chris Dillow
My impression of job guarantee advocates, which I am afraid you are not doing much to dispel, is that they are not willing to admit that their preferred approach ahas any drawbacks, or that any alternatives have any merits.
Sunday, July 29, 2018
Saturday, July 28, 2018
Wednesday, July 25, 2018
only Fox has the video of Joy Behar vs Megan McCain
then Stephen Colbert last night said "God is socialist" after taking about the Fox news person who want to a Sander/Ocasio-Cortez rally in Kansas. The woman almost had a breakthrough about how enticing the socialist message was.