Skip to content

Category Archives: Economy

Fail?

I suspect that the government is, at this moment, screwing the pooch. Starting in November, the government sold the bank bailouts as a way to stave off a truly catastrophic economic tailspin. Just a little priming of the pump, a little life support. Fine. But what I hear now – from everyone – is that […]

Doomed?

Have you stopped to ask yourself what the world is going to look like a few years from now? What with millions of people getting canned, stable employers no longer stable, the whole economy on fire. Imagine: General Electric just cut its dividend. GENERAL ELECTRIC. GE hasn’t done that since THE GREAT DEPRESSION. How bad […]

Amen.

The Economist comes out in favor of legalizing drugs as “the least bad policy.” They make a very convincing case. Come on people: Prohibition doesn’t work. And we have better things on which to spend $40 billion a year. I guess if you look at the facts, the reasoning is obvious. As The Economist puts […]

Sad but true

The most pointed analysis I’ve yet read for what just happened to the American economy comes from a comment on a Slate.com article: I’ve always felt that 90% of what you need to know to understand the US can be conveyed in just one slogan: “The more you shop, the more you save.”

Pity the rich?

How many articles have you read about newspapers being the foundation of democracy? (Oh hey! There’s one right there!) What those articles don’t often mention is that approximately 98.7% of content published in newspapers has nothing to do with democracy, and is, in fact, total horseshit. Like, for example, this article about how difficult it […]

Chávez and Bernie Madoff

I’m going to take a risk and make public a prediction I originally made whilst slightly intoxicated: Before the end of this year, there will be an enormous financial scandal that will bring the Chávez administration to its knees. Although I guess, given the facts, this maybe isn’t the riskiest prediction anyone’s ever made. Oil’s […]

Torches and pitchforks

The New York Times reports today that Wall Street firms paid something like $18.4 billion in bonuses this year, “the sixth largest haul on record.” That, despite one of the worst financial crises in history. We care about this because a lot of those bonuses were probably paid with your tax dollars (thanks, TARP!). Wall […]