Articles/News

Cartoon: All In the Family

http://politicalirony.com/2013/09/17/all-in-the-family/?utm_source=feedb...

This cartoon contains the essence of the difference between the the neo-classical, kleptocratic phoney economic and Modern monetary economics. The person on the lleft is the neo-classical shill, the person on the right is describing MMT.

Walmart Flash Mob Video: Banned by Facebook

This You tube video has been reported to Facebook as "abusive," So this is my work around.

http://www.youtube.com/watch?v=FuCNH7dqZxg&feature=youtu.be

Socialism before it was a four-letter word John Gurda, Milwaukee Journal, April 3, 2010

from the Milwaukee Journal files

One hundred years ago tomorrow, Milwaukee made political history. On April 5, 1910, we became the first (and only) major city in America to elect a Socialist mayor. A former patternmaker named Emil Seidel won a decisive victory in the spring election, beginning a period of Socialist success at the polls that would last until Frank Zeidler stepped down in 1960.

Summers's View on Monetary Policy Not So Hidden Jeff Madrick, NND, Jul 31, 2013 Jeff Madrick

Though some have claimed Larry Summers's views on monetary policy are unclear, his time in public service reveals a history of accomodating Wall Street over Main Street.

The reason Larry Summers has become a leading candidate for Federal Reserve chairman is because President Obama is now leaning his way. No, I don’t have direct proof of that, but some journalists claim they have heard this from insiders. And the reason this is credible is that Obama is a centrist on economic issues.

America’s Main street economy versus the Wall Street By Duane Catlett July 29, 2013 Independent Record

There is no connection today between Wall Street (the financial industry) and the Main Street economy (jobs and disposable family income) as evidenced by the fact that the stock markets are at an all-time high but job growth remains stagnant. In this economy, those jobs that are being created tend to be lower paying with fewer benefits than the jobs that are being lost through Congressional budget cuts, and most destructive of all the wealth gap continues to accelerate.

SAC Capital indicted, accused of 'systematic insider trading' By Andrew Tangel July 25, 2013 L.A. Times

U.S. Atty. Preet Bharara, the top federal prosecutor in Manhattan, announced the grand jury's indictment of SAC Capital on Thursday. The indictment, which names SAC Capital and related entities, alleges one count of wire fraud and four counts of securities fraud. A news conference is scheduled later Thursday.

The indictment alleges "systematic insider trading" from 1999 through 2010, "resulting in hundreds of millions of dollars of illegal profits and avoided losses at the expense of members of the investing public."

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