Health Care “Reform”
(and Credit Card “Reform”, and so forth and so on)

While congress congratulates itself on passing health care “reform” I seethe with anger. A few days ago when it was announced that agreement had been reached on this bill, I received mail from my health insurance company informing me of a 60 percent increase in my premium and that of my wife. Cost control? Sixty percent in one year? […]

Are You Serious? Redux

Speaking of “Small is Beautiful” (as I did in my last post), readers would do well to revisit E. F. Schumacher’s 1973 work on “Economics as if People Mattered” (1).” But first, this about Jared Diamond. In an Op-Ed piece “Will Big Business Save the Earth” (2) Diamond belies his own thesis of a few […]

Hansen v. Krugman: Are You Serious?

The contrast could not have been more stark in the side-by-side Op-Ed pieces in today’s (December 7, 2009) New York Times. James Hansen, head of the NASA Goddard Institute for Space Studies (but writing only for himself) writes eloquently of the folly of the proposed “Cap and Trade” (Hansen terms it “Cap and Fade”) rules for supposed reduction of greenhouse gas emissions. Sitting cheek-to-jowl, as it were, to Hansen’s piece is Nobel Prize winner Paul Krugman’s diametrically opposed opinion on the same subject. Krugman asserts that Cap and Trade is a market-based solution to the ills of excessive atmospheric carbon emissions. […]

Heads in the Sand

It amazes me that the rich are still stealing from the poor (that is, the taxpayers) and although some do notice, they are nevertheless getting away with it. In today’s (9 Apr 09) New York Times (All the news we see fit to print) a front page article is headlined “Small Investors May Be Enlisted […]

Broken Bones and AIG

The uproar about bonuses awarded to AIG employees would be hilarious were it not so troubling and pathetic. It is almost emblematic of the refusal of virtually all, government, politicians, pundits, citizens, all, to see what is staring them in the face.

The solution to all this, at least for the short run (the next […]

Dress Rehearsal

The current economic scene can be considered a dress rehearsal for what is coming in the not too distant future. And unlike what’s happening today, the situation in the future will be irreversible. The situation leading to this “bailout” is fixable, at least according to the rules of today.

The Buying Fetish

The pressure to buy “stuff” is absolutely relentless. Turn on your TV and one third to one half of the air time is taken up by commercials. Even during the supposed show time there are messages appearing across the bottom of the screen telling you what show you are currently watching, advertising upcoming shows, or […]

It Has a Name

Around the world today, a single economic model or system has effectively eclipsed every other. This model is based upon use of capital, in any of several forms, to create more capital, in the form of profit. The model has a mantra, productivity and efficiency, whereby more and more profit is to be made, preferably […]

Senate Rescue Package (1)

All about the Senate Rescue Package […]