Posts tagged as:

Economics

Systems Thinking on the Gross National Product

by L J Furman on November 5, 2009

Robert F. Kennedy, in a speech at the University of Kansas, March 18, 1968,  said: "Our Gross National Product, now, is over $800 billion dollars a year, but that Gross National Product - if we judge the United States of America by that - that Gross National Product counts air pollution and [...]

{ 0 comments }

Return To The Giant Pool of Money

by jonathansoroko on September 27, 2009

The Giant Pool of Money is an outstanding radio documentary which explains, in large part, our current economic woes. If we have the chronology right, this episode of This American Life - now rebroadcast as "Return To The Giant Pool of Money" led to NPR's creation of the blog Planet Money.  Click here for other economic [...]

{ 0 comments }

EYES ON INVISIBLE HANDS

by L J Furman on June 30, 2009

The hand is quicker than the eye - especially when the hand is invisible and the eye is closed or blind. The heavy hands of wisdom and authority must guide the invisible hand of desire without limits, just as a parent stops a child from grabbing too many cookies before dinner and a shop-keeper stops [...]

{ 0 comments }

John Maynard Keynes and Cameron Diaz

by L J Furman on May 25, 2009

Back in 1931, John Maynard Keynes wrote "the economic problem may be solved within a hundred years. . . We must be smart, and ruthless." We certainly are ruthless. If we were smart, we would stop living off the principle and live off the interest - renewable energy.

{ 0 comments }

TALK MAY BE CHEAP, BUT

by L J Furman on November 18, 2008

when the markets are falling, prices are rising, and credit is tightening, it's a uniquely affordable indulgence. - Walter Kirn, What's a Depression, Daddy?New York Times Magazine, Nov 9, 2008

{ 0 comments }

"The bailout package is far better than the absurd proposal originally presented to us by the Bush administration, but is still short of where we should be. If a bailout is needed, if taxpayer money must be placed at risk, if we are going to bail out Wall Street, it should be those people who [...]

{ 0 comments }

Making Lemonade out of Fannie Mae and Freddie Mac

by L J Furman on September 16, 2008

The government recently took over Fannie Mae and Freddie Mac, two huge mortgage lenders. I thought the government owned them all along. After all, Freddie Mac” is the Federal Home Loan Mortgage Corp. and Fannie Mae is the FederalNational Mortgage Assoc. But they were privately owned, essentially bankrupt, and in need of a bailout. For [...]

{ 0 comments }