real economics
Monday, August 16, 2010

The latest on the effects of the Russian crop disaster

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Went driving in the Minnesota countryside southwest of Minneapolis yesterday.  The corn and soybeans are just unbelievable.  The soybeans af...
Sunday, August 15, 2010

Wirtshaftwunder came from exporting the New Deal

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One of history's great ironies is that the economic regimes we imposed on the defeated Japanese and Germans following WW II were designe...
Saturday, August 14, 2010

One way to fight the Great Recession

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Is to have a real economy that makes real things that people and countries want to buy.  To read the commercial press, one would suppose the...
Friday, August 13, 2010

Thinking about work

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Work is an interesting topic.  There are some really unpleasant jobs out there that need doing.  I worked as a surgical orderly for two year...
Thursday, August 12, 2010

Someone else agrees we'll be damn lucky to be economically like Japan

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This time from the Guardian .  I have been following the story of Japan's post-war re-industrialization for over 30 years now and I too,...

After months of hysterical Toyota bashing, the facts start coming in

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And it looks like we skeptics of the bashing have been proven correct.  Most, and probably all, cases of so-called unintended acceleration a...
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Chernobyl waste to be atomized by fire

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It bad enough that large areas of Ukraine and western Russia are covered with radioactive debris. Now we are going to see this mess borne al...
Wednesday, August 11, 2010

A sustainable society will be created with a zillion tiny improvements

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NOT for some single magic bullet. The following is a perfect example of one of those incremental improvements that can reap great dividends....

Yes indeed, the banksters are still in charge

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Apparently, the human race--or at least the economists--haven't learned much from the Great Recession.  It is incredible when you think ...
Tuesday, August 10, 2010

We need real banking--not casinos

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The guys in here in the American midwest made monetary policy the dominant political topic from 1873 until at least my childhood.  I actuall...
Monday, August 9, 2010

Russia is still on fire

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Flight restrictions introduced as deadly wildfires blight Moscow Flights have been delayed in and out of the capital Sunday as Muscovites ch...

Did anyone mention deflation?

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This is the latest from William Greider who quite literally wrote the book on the operation of the Federal Reserve. Deflation, Not Deficit...
Sunday, August 8, 2010

This is a mega-project worth watching

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The idea is to harness the solar power of the Sahara and ship it north to Europe.  The Desertec Foundation website seems to be one of the o...
Saturday, August 7, 2010

Can't be a Producer without raw materials

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China seems to be particularly aggressive in lining up supplies to feed it rapidly growing manufacturing sector.  And to show China's ...
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