Tag: financial crisis

January 31, 2009

Just the EARLY Stages of Financial Collapse

Hi folks, For those of you in the crowd who are MA in Economics, I’ll remind you that we’re just at the beginning of financial collapse.  Shoving your finger, gloves, basketballs, bumpers, old tires, bins full of clothes from Goodwill and even elephants won’t stop the damn from breaking. I know … it’s a little gloomy, but I don’t feel like I’m being alarmist AT […]

January 18, 2009

Rex Murphy: Where to Spend?

Rex Murphy, host of the national CBC show called "Cross Country Checkup", is asking Canadians tonight where they should spend their money. You can all hang up.  I have the top 10 answers. Stop spending any more money on fossil fuels or things that burn fossil fuels.  It’s stupid. Understand that we have an opportunity to institute structural change:  invest in green and invest lots.  […]

January 17, 2009

Bailouts Filling a Bottomless Pit?

Financial bailouts are doing nothing to remedy a global economy that is facing a structural reckoning. As evidenced by the Government Accounting Office (GAO) of the United States, massive amounts of the bailout funds are simply being funnelled to offshore locations. Full story here . One day, people will wake up and say "why are we giving more money to the people who are creating […]

January 15, 2009

Two “Laws” of Economics We Need to Break

OK … they’re not really laws, but they are justifications that the world of economists have used for decades to explain the woes of the world away. For those of you who haven’t taken a 101 course, here they are: Other things being equal ("ceteris paribus") There are no externalities We MUST recognize that these ‘rules’ can no longer be discarded. The first rule is […]