Category Archives: Economy

The obnoxious one percent.

With subversives, it is never about what it seems to be about. The object of tax cuts is not to affect revenues to the Treasury or gift anyone. The object of tax cuts is to maintain the fiction that Congress is only responsible for the collection of currency NOT ITS DISTRIBUTION. This is a fiction that has been assiduously maintained for a hundred years. It started with the creation of the Federal Reserve Bank BY CONGRESS, based on the rationale that Congress is irresponsible and cannot be counted on to manage the currency. So, we will let banks do it so they can use it to reward their friends and insure that the undesirables stay poor. When Nixon severed the tie to gold, which had provided a rationale for why money was scarce, the rationing got worse. Why? Because Congress relies on the financiers to fill their campaign coffers and stint the competition.
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Warren A. Stephens has a new gig

Warren Stephens, the Lord of Little Rock, got his start in banking as the heir of a couple of guys who got rich peddling bonds. More recently, he made a stab at communications by acquiring a bunch of failing papers. But the media emoire did not blossom. Similarly, his entrance into the world of recreation by building a new golf course when the sport was going belly up, did not fulfill expectations. So, he’s going back to basics by touting capitalism.
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From the perspective of the household.

Some economists describe industrial development as the work of men moving out of the house. (Never mind that in the U.S., initial industrial enterprise in the fabric mills of New England was carried out by women). On the other hand, an anthropologist describing the social organization of African societies in legislative bodies, referred to that as the important work of the men, while the women managed the household and traded in the market.
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Power vs. Performance

So, perhaps we have another inverse relationship here: the greater the power, the lower the performance. I say “another” because in the case of disutilities (goods and services the recipient do not positively want) the relationship between performance and profit is inverse. But, in that case, it is greater/better performance that results in lower profits.
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Conserve and preserve and capital

Conserves and preserves are goods set aside to be consumed later. So, for that matter, is capital. It is predation carried out by an organism with a sense of time. When humans apply it symbolically to their own kind, the problem is two fold. Symbolic destruction/consumption has no material restraints and, even though symbolic, the destruction of one’s own kind is unnatural and ultimately destructive of the species. Humans may just be too smart for their own good. On the other hand, it may just be that a certain percentage of the population is fatally flawed and destined to do themselves in as posited by the seven deadly sins.

$188 trillion

Total U.S. Assets? Nobody knows. In 2009 there was an estimate of $188 trillion, but that only covered assets that are actually reported and have been converted into dollars. None of our public lands, infrastructure and buildings are included.
In any event, for comparison, the total gross domestic product at that time was about $14 trillion.

http://rutledgecapital.com/…/total-assets-of-the-us-econom…/
Why is this important? Because it makes all the whining about the wealth of the 1% insignificant. What is significant is that so many Americans exist in dire poverty. They are not poor because other people are rich. They are poor because they are deprived. Deprived under cover of law. Congressionally engineered deprivation.
Why? The lust for power. If Congresscritters were cannibals, they’d eat their constituents. Killing them slowly and remotely is neater and longer lasting.

A Good Thought

“Privatization” is a subterfuge for a rwo-fold agenda: to evade having to account to the public and to promote the segregationists’ aims. Segregation, you see, is essential if exclusivity and excellence are to be maintained. Because, according to authoritarian ideology, if people can’t be rewarded with superior status and have to be paid, they won’t do anything for free. And that leaves people who have nothing to trade but their “good looks” up the creek. Privatization is the solution to the incompetents’ dilemma.