19 posts tagged with debt and politics.
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Game behind gamed: your narrative programming for the day

How The Economic Machine Works by Ray Dalio[1] actually makes a case against austerity[2] and for redistribution, but also for money printing (and, arguably, for bailouts), while stressing the need to keep making productivity-improving public and private investments. However, it could be equally entitled: How The Industrial Age Political-Economy Doesn't Work Anymore, viz. Surviving Progress (2011)... [more inside]
posted by kliuless on Sep 25, 2013 - 28 comments

Smaller Wallets, Larger Households?

A dozen ultraleft voluntarists arguing about shower schedules is a noise complaint; 120,000 downwardly mobile yuppies doing it out of necessity is a substratum. The material realities of declining wages, ballooning debt, and skyrocketing rents at the core of the neoliberal city have conspired to herd young people into unprecedentedly dense, poor, and precarious kinds of living arrangements. - Andrew Fogle on how the economic crisis is changing how people live together.
posted by The Whelk on Apr 12, 2013 - 55 comments

Incommensurable values

Economists and the theory of politics - "why unions were often well worth any deadweight cost" [more inside]
posted by kliuless on Mar 25, 2013 - 27 comments

The State of our Metafilter is Strong

President Barack Obama will tonight give the first State of the Union address of his second term in office. The address will again focus strongly on the issues of jobs and the economy. The Republican response will be delivered by Senator Marco Rubio of Florida and will focus on traditional Republican messages of lower taxes and spending. The bilingual Senator plans to give his remarks in both English and Spanish in an attempt to reach out to the Latino community which has proven difficult for Republican politicians to connect with. There will also be a Tea Party response delivered by Senator Rand Paul of Kentucky. Senator Paul will call for reduced spending and debt and for the Republican party to be more welcoming of immigrants. Jill Stein of the Green Party will also give a response. [more inside]
posted by Drinky Die on Feb 12, 2013 - 264 comments

Japan

What's Going On In Japan? "Really Japan is quite a remarkable case, since neither fiscal nor monetary policy seems to be working to achieve the anticipated results. This year Japan will have a fiscal deficit of around 10% of GDP and gross government debt will hit 235% of GDP, yet the country is still struggling to find growth. Instead of reiterating old dogmas (whether they come from Keynes or from Hayek) more people should be asking themselves what is happening here. This is not a simple repetition of something which was first time tragedy and is now second time tragedy, it is something new, and could well be a harbinger for more that is to come, elsewhere. Oh, why oh why are economists not more curious?" [more inside]
posted by kliuless on Dec 27, 2012 - 82 comments

Buying useful things, like roads and universities and health care and solar energy and spaceships, should be better stimulus than fighting wars.

"Liberals have not always been very good at communicating why liberalism works. There’s many reasons for this, but part of it is that it can be hard to defend the obvious from an absurd and deceptive attack. For half a century you had to be a crank to oppose what Roosevelt accomplished; liberals got out of the habit of arguing for their beliefs. I hope this page will help. Liberals don’t need to apologize for their vision of how American society should work. Liberalism saved American capitalism and democracy, defeated Naziism, created a prosperous middle class, and benefited every sector of society, from the back streets to Wall Street. " Mefi's own Zompist (previously) on Why Liberalism Works.
posted by The Whelk on Sep 30, 2012 - 109 comments

sovereignty and taxation

David Graeber: Of Flying Cars and the Declining Rate of Profit (via) [more inside]
posted by kliuless on Jun 8, 2012 - 85 comments

The Failure of Judges and the Rise of Regulators

The Control Revolution And Its Discontents - "the long process of algorithmisation over the last 150 years has also, wherever possible, replaced implicit rules/contracts and principal-agent relationships with explicit processes and rules."
posted by kliuless on Feb 23, 2012 - 25 comments

horizontal democracy

David Graeber profile: Meet the anthropologist, activist [1,2], and anarchist who helped transform a hapless rally into a global protest movement... " 'Most people don't think anarchism is a bad idea. They think it's insane,' says Graeber. 'Yeah, sure it would be great not to have prisons and police and hierarchical structures of authority, but everybody would just start killing each other. That wouldn't work, right?' Graeber's father, however, had seen it work."
posted by kliuless on Nov 27, 2011 - 70 comments

you owe me, but I’ll cut you a break for now

If you want to take a relation of violent extortion, sheer power, and turn it into something moral, and most of all, make it seem like the victims are to blame, you turn it into a relation of debt. Naked Capitalism talks to David Graeber about his book Debt: The First 5,000 Years. Previously. And more generally. Bonus Graeber classic: "Are You An Anarchist? The Answer May Surprise You!" [more inside]
posted by gerryblog on Aug 28, 2011 - 163 comments

FiveThirtyEight rips apart Standard and Poor's ratings

Nate Silver: Why Standard & Poor’s Ratings Are Substandard and Porous
posted by East Manitoba Regional Junior Kabaddi Champion '94 on Aug 10, 2011 - 46 comments

Endgame

The talks between President Obama and House Speaker John Boehner "collapsed" Friday with little more than a week to go before the United States may effectively default on its debt. The two parties have been in ongoing negotiations for months over GOP refusal to raise the legal limit on national debt unless tied to a significant package of spending cuts - with some members and activists opposed to any increase whatsoever [more inside]
posted by crayz on Jul 24, 2011 - 3228 comments

Obama goes to China

Obama proposes Social Security cuts. Amid ongoing debt talks wherein the Democrats are seeking to raise the debt ceiling to prevent the default of Federal debt, "entitlement reform" has been a hot topic. This morning, Obama has taken the unusual step of proposing even larger spending cuts than Republicans have asked for, mystifying many. Has the Grand Bargain arrived?
posted by mek on Jul 7, 2011 - 363 comments

The Post-American World

What does a post-American world look like? NPR interviews Fareed Zakaria on America's future role in world events.
posted by bitmage on Jun 30, 2011 - 65 comments

How would you solve the US deficit?

How would you solve the US deficit? Interactive US national budget calculator from the NYT.
posted by modernnomad on Nov 14, 2010 - 104 comments

The Opening of a Conservative Mind

Bruce Bartlett, senior policy analyst in the Reagan White House, speaks out against Republicans - The monumental hypocrisy of the Republican Party is something amazing to behold. And their dimwitted accomplices in the tea-party movement are not much better. They know that Republicans, far more than Democrats, are responsible for our fiscal mess, but they won't say so. And they adamantly refuse to put on the table any meaningful programme that would actually reduce spending. Judging by polls, most of them seem to think that all we have to do is cut foreign aid, which represents well less than 1% of the budget. [more inside]
posted by kliuless on Jul 26, 2010 - 156 comments

Be it resolved that financial 'innovation' does not boost economic growth

Basicland vs. Sorrowland
A parable about how one nation came to financial ruin by Charles Munger. For extra colour there's... [more inside]
posted by kliuless on Mar 2, 2010 - 34 comments

funemployment

How a New Jobless Era Will Transform America
The Great Recession may be over, but this era of high joblessness is probably just beginning. Before it ends, it will likely change the life course and character of a generation of young adults. It will leave an indelible imprint on many blue-collar men. It could cripple marriage as an institution in many communities. It may already be plunging many inner cities into a despair not seen for decades. Ultimately, it is likely to warp our politics, our culture, and the character of our society for years to come. (via rw)
posted by kliuless on Feb 11, 2010 - 84 comments

The Politics of Radicalized Religion, Oil, and Borrowed Money

Bush had Karl Rove. But the original wiretapping President needed brains too. Introducing Kevin Phillips. He predicted the prolonged Republican dominance of Washington 1970-present and advised the Ford and Reagan presidencies. He predicted a more liberal 1990s and when the Bushies killed his party he became uttery disgusted. Recently he spoke about the influence of the christian right, our addiction to oil, and America's debt (public and private) at the University of California Santa Barbara. [more inside]
posted by Parallax.Error on Jun 28, 2008 - 57 comments

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