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 [...]
Tagged as:
Deep Economy,
Donella Meadows,
Ecological Economics,
Economics,
GNP,
RFK,
Robert Kennedy,
Systems Thinking
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 [...]
Tagged as:
Economics,
Health Care,
NPR,
Poverty,
Systems Thinking,
This American Life
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 [...]
Tagged as:
Adam Smith,
Economics,
John Maynard Keynes,
Markets
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.
Tagged as:
Cameron Diaz,
Economics,
Keynes,
Solar Power,
Something About Mary,
Wind Power
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
Tagged as:
Economics
by L J Furman on October 3, 2008
"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 [...]
Tagged as:
Economics,
The Bailout
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 [...]
Tagged as:
Banking,
Economics,
Fannie Mae,
Freddie Mac