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economy

Recently Noted – the future of bitcoin and blockchain technologies – UPDATED

The Future of Bitcoin and Blockchain Technologies UPDATE 1/22/2018 While watching a football game over the weekend this ad from IBM was shown several times. At the very end you hear the word “blockchain”. IBM is in the blockchain business? A visit to the IBM website reveals that they are --->> read more -->>
US manufacturing out vs employment 1947 - 2011
economy

A Note on Jobs & Unemployment – revised

A Note on Jobs & Unemployment Original publication date – 12/27/2016; Revised – 12/31/2017 As the presidential campaign of 2016 fades away and the Trump Era begins, we find a national scene without any real discussion of the facts of jobs and unemployment and what the future might bring. Trump --->> read more -->>
No Picture
books

Building the New American Economy – Not

The title of this short book, only 130 pages, Building the New American Economy: smart, fair, & sustainable by Jeffrey D. Sachs with a foreword by Bernie Sanders (Columbia University Press, 2017) is unfortunately misleading. There is much here about the new economy. The misleading part is that there is --->> read more -->>
No Picture
free-market ideology

Thoughts on Standard Economics

I’ve been looking through Paul Krugman’s textbook Macroeconomics (Krugman and Wells, 4th edition, 2015) and came on Principle #2 – “The opportunity cost of an item—what you must give up in order to get it—is its true cost….The concept of opportunity cost is crucial to understanding individual choice because, in --->> read more -->>
economy

Park Avenue and How We Got There

“There” is our current situation in which our government has been bought by the rich and corporations, over 80% of the population has not had a pay raise in 40 years and the public sphere, schools, parks, our infrastructure, really anything not behind the gated walls of private wealth, is --->> read more -->>
Money floating around
economy

Religious Doubt Spreads – Free Flows of Capital Seen as Dangerous to Some

There is more evidence that the current run of religious mania about “free markets” is finally giving way to a more fact-based approach to this important human invention, many countries are now applying capital controls on the flow of monies into  their economies. The world flood of money seeking higher --->> read more -->>