The Plutonomy—AI Edition—and the Coming Crisis
Driven by speculative finance, stagnant wages, and AI hype, today’s tech-heavy economy mirrors the fragile plutonomy that collapsed into the Great Crash of 1929.
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It's the Foreclosures, Stupid (NACA)
This is an "action alert" from the Neighborhood Assistance Corporation of America. The CEO of NACA, Bruce Marks,
Why Bail?--Dean Baker
From Huffington Post, by Dean Baker of the Center for Economic Policy and Research. The Banks Have a Gun Pointed
This Is the System We Are Saving!--Kucinich
A fiery Dennis Kucinich discusses the "end of industrial capitalism," and quotes Steve Zarlenga of the American Monetary
Paulson's Panic--Stirling Newberry
This is by Stirling Newberry, from The Agonist. Hell No, We Won't Blow (it all on Paulson'
Emergency Economic Stabilization Act of 2008
In case anyone wants to read the 110-page bailout bill, here it is, available via the Los Angeles Times.
Gargantuan Bailout: The Sequel
This posting is from D&S collective member and frequent blogger Larry Peterson. To see more of his posts,
A Better Bailout--Joseph Stiglitz
By Joseph E. Stiglitz The Nation, September 26, 2008 The champagne bottle corks were popping as Treasury Secretary Henry Paulson
Economists Question Basis of Paulson's Plan
By Neil Irwin and Cecilia Kang Washington Post Staff Writers Friday, September 26, 2008; Page A01 The Bush administration'
A Better Plan than the Paulson Bailout
In 1992, a Swedish real estate bubble burst, creating a banking panic and freeze. The Swedish loaned banks money, but
A U.S. Financial System of Our Own
This is from Cynthia McKinney, candidate for president. A Gift for a Generation: A U.S. Financial System of Our
Saving the Financial System--Thomas Palley
This is from economist Thomas Palley, from his website. A friend told me the economist Charles Kindelberger had two rules
The Bailout Negotiation Breakdown
This posting is from D&S collective member and frequent blogger Larry Peterson. To see more of his posts,