Full title: "Doing What Needs to Be Done: Facing the Future with Full Employment and a Renewed Public Sector' By Dan Kervick, UMKC(?) New Economic Perspectives blog,

As you read this, millions of Americans who desperately want to work either cannot find employment at all, or cannot find the quantity and quality of work they need to meet their own needs and the needs of their families. This is real suffering. The unemployed are real flesh-and-blood people, not just fractions of percentage points on Labor Department spreadsheets.

Readers, at some level economics is all about politics, leastways in an oligarchically dominated electoral democracy. It all comes back to defining the assumptions related to the economic and fiscal model being used. CLEARLY, this the result of political subversion that to some extent has been part of the legacy of the US since the drafting of the Constitution. BTW the bill of Rights was a political ploy to get the Constitution approved by the confederated states, and the US Constitution hard wired the primary importance of private property into our legal structure.

Dear readers, there are brief moments when I am embarrassed by how many articles I've reposted by Michael Hudson, but really, his material is awesomely deep and broad, and the creme of current institutional economics. This is also the question that I had to pose to myself at one point as a basis to sort one agenda for monetary and economic reform in preference to other sources claiming to have something relevant to add to the process. Focusing in upon the nature of the economic outcomes from historical fiscal policies, not the emptied positivistic econo-ideology.

Hello readers, This article is a piece of a monetary primer that L. Randall Wray as been developing. It is a fairly clear review of the principles and implications of Lerner's Functional Finance. as we go, Tadit

Hello there traveler, This is fairly succinct statement of perspective congenial with a metaphysics of "being." "Historical" is probably the intent of Marx and others within the domain of institutional economics. Though I greatly appreciate Zabala's essay, the absent link is that the mode of socialization involved omits fiscal policies other than as defined to reduce inequality. It is also true that the influence of the imperial north has been embedded by western context political economics, ie neo-classical and monopolist.

Readers, this is offered mostly as a confirmation of other articles on this topic that have been posted here. The same attribution can be applied to the corporatist lemmings that are driving the the current dash into the sea. The next phase of the reaction to the econo-ideology which has both caused the original melt-down and now this entirely wrong and un-necessary econo-ideological plundering of the nations hardest hit by the culture of fraud and exemption oiled by the purchase of politicians at a wholesale rate.

Readers, This is the article that Wray is referring to in the article below. Tadit

Okay, Samuelson actually wants to say goodbye to Keynes, but he would have had a better case if he was talking about Darwin and the theory of evolution. After all, when we have seen nothing but confirming evidence for years, why should we still accept the theory?

Samuelson tells readers:

It’s a Funny World, News Recap on the Eve of Xmas

the original posting is at http://www.economonitor.com/lrwray/2011/12/21/payroll-tax-holidays-and-mmt-it’s-a-funny-world-news-recap-on-the-eve-of-xmas/?

As Mae Moore says, “It’s a Funny World” (2002). Let’s try to make sense of two news reports. Help me if you can.

Since the global financial crisis began in 2007, Chairman Bernanke has striven to save Wall Street’s biggest banks while concealing his actions from Congress by a thick veil of secrecy. It literally took an act of Congress plus a Freedom of Information Act lawsuit by Bloomberg to get him to finally release much of the information surrounding the Fed’s actions. Since that release, there have been several reports that tallied up the Fed’s largess. Most recently, Bloomberg provided an in-depth analysis of Fed lending to the biggest banks, reporting a sum of $7.77 trillion.

Readers, this is a rather complete analysis, and as usual for Michael Hudson, well informed by history. I'm kind of swamped right now, so I will try to come back to this. Tadit

This article was first published by Frankfurter Allgemeine Zeitung, Dec. 3, 2011, as “Der Krieg der Banken gegen das Volk.”