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Gun Control - The Quest for Common Ground
This is basically my appeal, as a former Republican voter, to the right-wing for finding common ground on the gun control debate. just a draft, criticize at will:Mass shootings in Aurora (twice),...
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United States National Debt and Money: Purpose, Context, and Mechanics
Draft (UPDATED 23rd Jan) to get my thoughts on this issue out there from misunderstandings I've seen people make, criticize at will:Since 1971 the United States' monetary system has been run entirely...
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United States Trade Deficit: The 800 Pound Gorilla
Another essay with an organization of thoughts regarding a commonly misunderstood economic phenomenon regarding the trade deficit and $ hegemony, please criticize at will!:-----------Smothered by all...
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How much longer can the Austerians and their puppets go on with their failed...
I need to get these notes down on record before I go on what may later look like an incoherent rant, because I'm so sick and tired of the lying austerian liars and the faux experts who they use as...
View ArticleRelax! Bond Vigilantes Don't Exist, and They Never Did Exist
Okay, admittedly, the title is purposely provocative. Depending on how you define “bond vigilante”, and what government bond market you're talking about, they actually very much do exist. But the way...
View ArticleMy Journey as a 9/11 Republican Turned Modern Progressive
This is a little essay I have been working on in my spare time to try and flesh out how and why I started off as a Republican, and the journey toward becoming a Progressive. It's a break from the...
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Christopher Dorner -- 21st Century Timothy McVeigh?
I wasn’t very shocked when the story broke yesterday of yet another shooting, this time against police officers and their families in Los Angeles. Such shootings, varying in scale, are common place in...
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Why Republicans are Wrong When They Say Government Spending is the Problem
(Too high) Spending is not the problem. Instead, (Too low) Spending (&Austerity) is! Spending is not the problem! At least not in the sense that Republicans are claiming. The real problem is that...
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Marco Rubio's SOTU GOP Response: "I'm Not An Economist, Man"
I was going to write a little entry on how disappointed I was about Obama over-selling deficit problems and suggesting cuts: after all, in his State of the Union speech he mentioned the word 'deficit'...
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Thoughts on the Minimum Wage: Evidence, Opposition, and Historical Context
In 2011, 1.68 million workers in the United States were paid the federal minimum wage. This makes up a little more than 1% of the labor force (another 2 million are paid less than the minimum wage, and...
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Disgraced Investor Service Firm Moody's Downgrades UK's Aaa Credit Rating
Friday afternoon, just before markets were due to wrap up for the week, Moody's Global Credit Research released a ratings action on UK government debt quality, downgrading it from AAA to Aa1.What role...
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Rand Paul's Brave Talking Filibuster Over Domestic Drones & Killing Americans
In progress on CSPAN-2, Rand Paul filibustering CIA director nomination John Brennan over the unconstrained drone policy of Obama:http://www.c-span.org/...Here are some tweets from Rand Paul: As...
View ArticleBeyond the buzzwords: History of ideas
I've been thinking a lot about why we think what we think.That is, the origin of the ideas we have, particularly in areas of politics and economics.I know that personally my knowledge on a topic, be it...
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Bitcoin Bubble Bound to Burst
For those who need a wonky introduction to Bitcoin's technological base, go here.For a normal explanation so you know some background go here.I'm writing this diary to get, on the record, my...
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Lanny Breuer Resigns from Department of Justice, Joins Wall Street Law Firm
Oh Mr. Breuer you did us so wrong. And you did the right thing when Max Smith at PBS busted you for your incompetence (collusion?) and you bowed out...and then we all said, "hey, I wonder what he's...
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Chained CPI and More Austerity are Back On the Table in Obama's Fresh Budget...
For those who don't understand what Chained CPI is, Robert Reich has put out a (beautifully timed) video and article on what it is, why it sucks, and how it's JUST A CUT IN SOCIAL SECURITY BENEFITS...
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Judge Rules Plan B Safe for All Ages Over-the-Counter, Criticizes Obama...
With all the commotion caused by Obama's trial-balloon of his budget plan to be released next week, my attention has been focused mostly on economic issues. But there's another story, which may go...
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Obama's Chained CPI Deception & Lack of Details to Protect Vulnerable
Obama's official budget has been released in full today. For a more general overview of the budget items you can check out the breakdown from The Hill.Not much has changed in my outlook since the trial...
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Pres Obama Signs Bill Killing Anti-Corruption, Pro-Transparency STOCK Act...
Last week, the Senate and House passed a secret, barely-debated bill to limit the scope and effectiveness of the STOCK Act that was passed last year to limit corruption and promote transparency of...
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Wall of Shame: Republicans Lose Intellectual Cover for Austerity/Spending-Cut...
The figure above illustrates how a Microsoft Excel coding error and other methodological fails led Harvard economists Reinhart (former Bear Stearns vice president) and Rogoff to grossly mis-state the...
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Egan-Jones Downgrades Germany's Credit Rating, Nobody Cares
Two months ago, I wrote about Moody's downgrading the UK's AAA debt rating and suggested:...this decision will not have any impact on the UK's bond markets or financial security. Instead, this is yet...
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The sad irony of Black America's biblical justification for...
Note: I'm neither Christian nor black. Polls show black America as a whole are in fact basically in line with the general population on the issue of marriage equality,but sit well below Democrats as a...
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Hallelujah! Pope Condemns Austerity Amidst Worldwide Protests for...
Sorry Republicans, the Pope doesn't think spending is the problem or that we need cuts! In his weekly address today, the Pope came out strongly against austerity and called for public spending to spur...
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"Legal" GOP DC Corruption: House Finance Chair Jeb Hensarling Takes Wall...
I haven't seen this story get much attention in the mainstream press, so I'd like to highlight it here alongside some Virginia GOP corruption that's also occurring. Propublica broke the story of famed...
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Congressional Research Service report: GOP obstruction of judicial...
The non-partisan Congressional Research Service came out with a report Thursday, May 2nd titled "President Obama’s First-Term U.S. Circuit and District Court Nominations: An Analysis and Comparison...
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Hong Kong: The not-so-free market darling of conservatives (HK port workers...
Big news on the labor front. Yesterday, port workers in Hong Kong ended a 40-day strike after winning a 9.8% pay increase. This came after an initial demand for a 20% increase, which was negotiated...
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