Category Archives: Economics and the like

The Best Ad of the Campaign So Far

Posted in Economics and the like | 1 Comment

Fed Set to Nationalize AIG

This is, to put it nicely, complete and utter bullshit: In an extraordinary turn, the Federal Reserve was close to a deal Tuesday night to take a nearly 80 percent stake in the troubled giant insurance company, the American International … Continue reading

Posted in Economics and the like | 21 Comments

Quick Question for the Econ Majors Out There

Is it a bad thing if our banking system collapses? In one of the most dramatic days in Wall Street’s history, Merrill Lynch agreed to sell itself to Bank of America for roughly $50 billion to avert a deepening financial … Continue reading

Posted in Economics and the like | 8 Comments

Whine, Whine, Whine

I mean, who could think there’s anything wrong with the economy? The US government took control of mortgage giants Fannie Mae and Freddie Mac on Sunday, placing them in a government “conservatorship” to help avert a financial system meltdown from … Continue reading

Posted in Economics and the like | 6 Comments

Bush Administration Forbids Voluntary Testing For Mad Cow Disease

Aaaargh! Do the folks at the Bush administration believe a word they say about economics? Or are they consciously lying because they know that just saying “we want to help the rich and powerful, and fuck all to everything else” … Continue reading

Posted in Economics and the like, In the news | 20 Comments

Obama's economic policies

David Leonhardt has written a long and substantive (although definitely pro-Obama) piece on Obama’s economic policies. It’s definitely worth reading if you want a one-stop summary of Obama’s economic views. From a progressive point of view, assuming the article is … Continue reading

Posted in Economics and the like, Elections and politics | 8 Comments

Yes, schools cost money to run, and cutting budgets hurts students

Over at Hit and Run, Nick Gillespie says “what, me worry?” to schools cutting programs and services in response to tightening budgets: Jesus Christ, is this the worst of it? If so, please just stop. As someone who had kids … Continue reading

Posted in Economics and the like, Education, Libertarianism | 15 Comments

Cartoon: Minimum Wage Theory

Click on the cartoon to see a larger version. You can also read this cartoon on the Dollars and Sense website, where they have an accompanying short article by Jason Son about how inflation tends to wipe out the gains … Continue reading

Posted in Cartooning & comics, Economics and the like, Minimum Wage | 32 Comments

World Wide Food Price Crisis

A few weeks ago I walked into my local supermarket to see that a 10 oz. bar of cheese was “on sale” for $5.39. I did a double take–maybe they meant two bars of cheese for $5.39. Generally, the sale … Continue reading

Posted in Class, poverty, labor, & related issues, Economics and the like, Environmental issues, International issues | 28 Comments

It is time for "Best Single Post of 2008" Koufax Nominations Yet?

Because I think I may have just read the winner.. Brownifemipower at La Chola riffs on the use and misuse of Audre Lorde’s famous comment that “the master’s tools will never dismantle the master’s house.” I’m not certain I agree … Continue reading

Posted in Economics and the like, Race, racism and related issues | 2 Comments