real economics
Thursday, April 28, 2011

Road trip

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Going to the Motor City this weekend to meet up with Tony.  The occasion is the NAMES (North America Model Engineering Society) show where h...
Wednesday, April 27, 2011

Statistical Snapshot of the Murder of the Middle Class

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A contributor to ZeroHedge goes through the numbers to show that The Housing Bubble Broke The Middle Class , by destroying one half the net...

New FDIC Paper on the Resolution of Lehman Brothers

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Mike Konczal at Rortybomb has a relatively short summary of a new paper just released by the Federal Deposit Insurance Corporation explainin...

Food prices!

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Great list of trouble spots associated with rising food prices. If Food Prices Keep Surging, These Economies Will Be The Next To Crumble Ma...
Tuesday, April 26, 2011

The real possibility of a global food shortage

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Growing up in perhaps the most fertile agricultural area on this earth means that the only food problem I have seen up close is the one wher...
Monday, April 25, 2011

New Platinum Substitutes Could Make Hydrogen Fuel Cells, Electric Cars More Affordable

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Two things to note about the article linked to below. First, there appear to be new breakthroughs in using a substitute for platinum in elec...

"Sir, you are going to have to leave the room."

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What happens when you stand up to a panel of "respected" economists and propose to tax Wall Street's financial transactions? ...

The deficit hawks will kill us

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On February 28, I wrote a piece I am particularly proud of called  Oil prices on the rise--inflationary or deflationary?    In it, I argue t...
Sunday, April 24, 2011

Elevator Speech #7--inventing a sustainable future

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Invention is hard.  That great inventor Thomas Edison is supposed to have said "Genius is 1% inspiration and 99% perspiration" and...
Saturday, April 23, 2011

The EPIC fail of the economics "profession"

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One of the things I discovered doing the research for Elegant Technology was that the economics "profession" had become almost ir...
Friday, April 22, 2011

Another conservative myth bites the dust: medical tourism

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From Dan Crawford at Angry Bear: Medical Tourism, separating facts from fiction One of the greatest myths that I hear on a somewhat regular...
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The Fundamental Criminality of the U.S. Financial System

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Last night I pointed to former savings and loan fraud prosecutor Bill Black's extraordinary article , Fiat Justitia Ruat Caelum (Let Jus...
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Thursday, April 21, 2011

U.S. Military Unable to Find Domestic Manufacturers for Many Items

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Yet more evidence of the collapse of the U.S. industrial base. Michael Mandel , the chief economist for BusinessWeek, was recently doing so...

The Corruption of American Christianity - and Resulting Destuction of Capitalism

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One of the most infuriating characteristics of American conservatives is their attempt to claim they are "christian." Conservative...
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Elevator Speech #6--Education--what folks must know

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In spite of the fact that I spent nearly 20 years inside of classrooms, I don't even claim to understand what schools are trying to acco...
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Ireland--another poster child for neoliberalism's failures

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Neoliberalism is truly a form of insanity because it keeps getting tried in spite of its awesome track record of failure.  A FEW people make...
Wednesday, April 20, 2011

Update: Real Finns make stunning election gains

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The Euro has been generally popular in Finland since its introduction.  While the economic benefits have been questionable, there is strong ...
Tuesday, April 19, 2011

Elevator Speech #5--Believing in magic and the new dark ages

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The real economy cannot operate on magic.   My grandfather had a colorfully weird bachelor-farmer brother who loved to entertain us kids w...
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Sunday, April 17, 2011

News on renewable energy

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One of the prime hazards of speaking out for renewable energy is that invariably, some well-meaning soul will come up after the speech to ex...
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Saturday, April 16, 2011

The Confederates have fired on Fort Sumpter

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As the nation remembers the 150th anniversary of the beginning of hostilities between the North and South, debates about the Civil War are b...
Friday, April 15, 2011

Finland and the Euro-zone debt crises

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I certainly do not claim to be an expert on Finland.  Compared to the typical citizen of USA who is lucky to know that "sauna" is ...
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