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thinkahol *

Cheney Was Right About One Thing: Deficits Don't Matter | Truthout - 0 views

www.truthout.org/...1303850419

Deficit terrorists are gutting governments and forcing privatization of public assets all name deficit reduction. But deficits aren't actually a bad thing. In today's monetary scheme which most money comes from debt necessary to have stable supply. The is

shared by thinkahol * on 28 Apr 11 - No Cached
  • thinkahol * on 28 Apr 11
     
    "De­ficit ter­ror­ists" are gutt­ing govern­ments and forc­ing the privatiza­tion of pub­lic as­sets, all in the name of "de­ficit re­duc­tion." But de­ficits aren't ac­tual­ly a bad thing. In today's moneta­ry scheme, in which most money comes from debt, debt and de­ficits are ac­tual­ly neces­sa­ry to have a st­able money sup­p­ly. The pub­lic debt is the peo­ple's money.
thinkahol *

Today's Must-See Animated Capitalist Takedown from RSA and David Harvey | The New York ... - 1 views

www.observer.com/...-takedown-rsa-and-david-harvey

marxist critique financial crisis

shared by thinkahol * on 08 Jul 10 - Cached
  • thinkahol * on 08 Jul 10
     
    If you watch just one funny and handsome Marxist critique of the financial crisis, make it the Royal Society for the Encouragement of Arts, Manufactures and Commerce's animated version of David Harvey's RSA speech "Crises of Capitalism." It's been making the rounds this afternoon, and for good reason: Mr. Harvey, a Marxist scholar who heads CUNY's Center for Place, Culture & Politics, describes not just the failures that caused the ongoing fiasco, but the failure of how we've explained it.
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