Ten Economic Questions for 2025
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Here is a review of the Ten Economic Questions for 2024.
Below are my ten questions for 2025 (I've been doing this online every year
for 20 years!). These...
Rockefeller’s Legacy for The New American System
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This post Rockefeller’s Legacy for The New American System appeared first
on Daily Reckoning.
A scoundrel or a hero?
The post Rockefeller’s Legacy for T...
MiB: Dana Mattioli on Amazon’s Everything War
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This week, we speak with Dana Mattioli, who as Senior Enterprise
Technology Reporter for the Wall Street Journal covers Amazon. Her
investigations ...
The Only Jew in the Room
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After 24 years in the Israel Defense Forces, much of it focused on the West
Bank and Gaza, Lt. Col. (ret.) Avi Shalev, a Jew, made the unique decision
in h...
Understanding the Modern Monetary System – Updated!
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It’s been over 10 years since I published Understanding the Modern Monetary
System, one of the most widely read papers in the SSRN research database. I
pub...
A Few Quick Announcements
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By James As I wrote a couple of years ago, I don’t post here anymore. I
just have a couple of updates for people who subscribe and may be
interested in my ...
Putin’s ‘Winter War’ on Ukraine
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[image: Putin's 'Winter War' on Ukraine By Patrick Buchanan]In the final
days of this lame-duck Congress, before control of the House passes to
Republicans...
FTX and an old blog post
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A long time ago I wrote a blog post about rehypothecation with brokers. It
is - unsurprisingly - relevant again.
In some sense crypto provides fast-track...
Blog Post Title
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What goes into a blog post? Helpful, industry-specific content that: 1)
gives readers a useful takeaway, and 2) shows you’re an industry expert.
Use your...
Goodbye to Credit Writedowns
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Good morning everyone, I have some exciting — and also – sad news to tell
you today. First, I am going to Bloomberg as a Senior Editor. And I am
going to...
The Covid-19 Dominoes Fall: The World Is Insolvent
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To understand why the financial dominoes toppled by the Covid-19 pandemic
lead to global insolvency, let’s start with a household example. The point
of thi...
New Hedge Fund Newsletter Just Released
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The new Q4 issue of our hedge fund newsletter is now available. It reveals
the latest portfolios of 25 top hedge funds and also features summaries of
2 st...
The gulag that France has become
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*Here’s a powerful article from Robert Spencer, posted at Front Page
Magazine, that will, more than any other article I’ve read lately, provide
you with...
Do Higher Wages Mean Higher Standards of Living?
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Editor's note: We have updated macroblog's location on our website,
although archival posts will remain at their original location. Readers who
use RSS sho...
Happy New Year!
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2020 Year of ________? You'll have to go to the Speakeasy to read the New
Year's post, but here I'm giving you a twofer. The first was posted at the
Speake...
Big D Has Your Rivalries Right Here
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Editor's Note--Well that wasn't how we like it last week. 2-4. But this
week is rivalry week in the college where you throw out the records and
teams play ...
What’s the best type of healthcare system?
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If we’re going to improve our healthcare system, it’s worth looking closely
at the experiences of other rich democratic countries. There are two
principal ...
French Rescue Four Hostages Lose Two Soldiers
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Viva Liberty! French commandos rescued four foreign hostages including two
French citizens from a militant group in Burkina Faso, France's military
said on...
Gisellian demurrage currency
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Dr. Keen, I am wondering if you have ever seriously considered issuance of
Gisellian currency for countries facing unplayable debt (all of them, as
far as ...
The Foremost Problem Is Moving to Stormfront
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Good news. This blog is moving to Stormfront. The transition might take
several months. Current content will remain in place for historical
purposes for as...
Memories of a Friend
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It’s been 1 year since Oscar died, and I’ve been reluctant to write an
obituary for him because I didn’t think I could put into […]
The post Memories of ...
Daily Readings 01-27-2019
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IS BIG TECH MERGING WITH BIG BROTHER? KINDA LOOKS LIKE IT A FRIEND OF mine,
who runs a large television production company in the car-mad city of Los
Angel...
Since the U. S Knew Syria Had Chemical Weapons
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And since the U. S. knew where the chemical weapons were being made
And since the U. S. knew where the chemical weapons were being stored
*Why didn't the U...
The Market Ticker - The Pattern of The Market
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*Looks awfully similar to 2008.*
*Rotation back and forth, with most of the gains coming in a handful of big
names with big stories -- but no earnings to...
An inside peek at Silicon Valley for media leaders
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In recent years, I have conducted media-and-technology study tours in New
York, London and Silicon Valley for high-level publishing executives. This
year, ...
The End is Nigh
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Dear Reader,
It is over five years since I wrote the last published piece for this blog.
A lot has happened during that time: the unprecedented rioting in ...
New Book from John Weeks!
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My colleague John Weeks has just published a very relevant book laying bare
the logical and practical problems with economic policies informed by
mainstrea...
Gold Stocks - All Perspective Has Been Lost
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Many recent published commentaries appear to have lost perspective on the
now much-hated Gold stock sector. The fact of the matter is that,
technically, t...
Feeling sorry for the rats.
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'*What's in the box*?'
-David Mills, Se7en
'*And the eye-in the-sky is watching us all.*'
-Ace Rothstein, Casino
'*To be modern only means to fill new f...
Twitter Digest: 2013-06-09
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Given that I block NSA & PRISM tweets, was entertaining tuning into twitter
& trying to figure why everyone was on about Lord Snowdon -> Turned on GoT
toni...
College Graduates Are The New Debt Slaves
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With the average cost of attending college in America at $120,000, a family
of four should expect their children’s college to cost more than a home.
Yet...
Gates of Vienna Has Moved
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[image: Time to go!]After being taken down twice by Blogger within a single
week, we got the message:
*It’s Time To Go.*
Gates of Vienna has moved to...
Marc Faber: Germany Should Have Left The Euro
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On Bloomberg:
Remember: nothing has been fixed...
“If you put one or 100 sick banks in a union, it does not change the fact
that they're sick. In my vi...
Moved Over
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I’ve been blogging away over at my new blog at Next New Deal, come join me
over there! Here’s the new rss feed. I might post here once in a great
while, m...
The Automatic Earth on the move
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Purchase our new 2014 set of video downloads at TheAutomaticEarth.com At
around 6 PM EST, Sunday, February 5, 2012, The Automatic Earth has moved to
its ne...
Occupy Wall Street - Marine vs 30 Cops
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Speaking of the police. Here is a link to a video of a soldier - in uniform
- protesting the treatment of demonstrators by the police.
http://perezhilton....
We've Moved!
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If you're reading this, it means you've been following the
http://georgewashington2.blogspot.com address. We switched over to
WordPress, and from now on...
The Inchoate Rage Beneath our Global Cities
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“London’s riots prompted commentators on the right to blame hooliganism,
while those on the left cited frustrations with the UK’s faltering economy
and fis...
Natural History of Fire & Flood Cycles
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In reference to the analogies presented in my previous article, please have
a look at this article: Natural History of Fire & Flood Cycles While
reading it...
Why non-profit execs are not paid too much
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Anger over executive salaries is fast turning into a witch hunt. We’ve no
longer just down on financiers, but also on state employees, on teachers,
on just...
1930s Vs Today: Lots To Worry About
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I have written an article about the similarities between now and the great
depression, which I will post at a later date. However, for now, I just
noticed ...
A devoted student of why nations and empires succeed or fail. In general, I believe in the following:
Sparta - not Athens;
Strength over Weakness;
National Competition and Supremacy in a dangerous world;
The Senate Race in Nevada has never failed to provide its amusing moments.
But now, thanks to an almost unbelievable gaffe by Republican front-runner Sue Lowden, Majority Leader Harry Reid looks likely to prevail once more, and earn a fourth term in the Senate.
According to the Las Vegas Review-Journal, Harry Reid, once given up for dead, has surged to the front among all candidates, leading Lowden 42% to 38%.
Now bear in mind two things: First, when paired with a generic Republican candidate, Reid still trails 52& to 48%. And, the poll cited by the Review-Journal comes admittedly from a Democratic source. But when compared with the numbers from the same pollster back in February, this is a remarkable turnaround; back then, Reid polled an anemic 35%, trailing both front-runner Lowden and second-place Republican candidate Danny Tarkanian in hypothetical matchups.
Now, those positions are almost exactly reversed.
And it all has to do with the utter myopia and cluelessness of Sue Lowden. In a voter symposium on Health care, Lowden suggested that, instead of health insurance or a national health care plan, we should try something else - Barter.
Take a chicken to pay for your checkup. I'm not kidding - I couldn't make this up if I tried.
Here's some video of the original meeting:
The media, of course, were quick to pick up on this. But, instead of "walking the comments back" , or say that she was misquoted, she instead re-iterated her comments, saying "she wouldn't back down one bit".
Here's how the Tarkanian campaign played it up:
And, of course, the nation's comedians had a field day with it. Here's Jay Leno on "Cluckers For Checkups":
But this isn't the first time Lowden's been in hot water on this issue.
A little background: A former Miss New Jersey, Ms. Lowden originally came West to to make it in TV news, eventually becoming a popular local evening news anchor. Shortly thereafter, she left TV to become the much-younger "trophy wife" of casino magnate Paul Lowden, who owned a chain of locals-oriented casinos in Nevada, including two sizable properties in Las Vegas.
At her urging, Mr. Lowden decided to make health benefits and anti-unionization two big issues in running his casinos. When the Culinary union decided to try to organize his two Vegas properties, Lowden fired all those he could identify with the organizing effort, and he cut off the health benefits of all but a few of the remainder - in violation of federal law.
The union sued in federal court - and won. As a result, the Lowdens were forced to divest themselves of their Vegas properties in order to satisfy a judgment for damages and their legal bills. Worse, it made Paul Lowden persona non grata among his fellow casino operators, whose strategies for keeping unions out center on good wages and benefits for their full-time employees.
But the occasion made Sue Lowden a heroine to Nevada's ultraconservative GOP, and she quickly parlayed the incident into a career in politics, ultimately becoming Majority Leader in the State Senate and afterwards Chairman of the Nevada GOP.
In short, she was ideally positioned to boot Harry Reid from the Senate - until she laid an egg on the issue.
And I'm not surprised. To me she is typical of the "Country-Club Republicans" - smug, secure in an "I've Got Mine" mentality, and deeply resentful of anyone else, especially anyone in her employ, trying to "get theirs" by striving for better wages and benefits.
It's no wonder that the "Tea Party", which has actually energized the GOP far beyond the wildest dreams of the country-club set, wants nothing to do with Lowden and her ilk. Rather, they are focusing on the "values" that made America and taking on with equal vigor the selfishness of the Republican oligarchs and the thinly-disguised socialism of the Democrat party.
All the Tea Party needs is a credible Leader, and both major parties could be in serious trouble.
If the Tea Party and Republicans generally can find a credible re-incarnation of Ronald Reagan, watch out. But, if Sue Lowden is typical of "mainstream" Republican candidates, the GOP had best prepare for a long time in the political wilderness.
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