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An economist (sic) named Richard Duncan last week proposed the interesting theory that Quantitative Easing can go on virtually forever in an endless chain of self-canceling debt.Government spends money it doesn’t have and cannot raise, issues bonds to “investors,” buys its own bonds and stashes them in a storage vault so deep that the sun will not shine on them until it becomes a blue dwarf — long after the cockroaches have taken charge of Earthly affairs. The consequence of this behavior will not be eternal virtual prosperity, but rather a wrecked accounting system for the operations of civilized human life. The 20th Anniversary edition With an entertaining new introduction by the author Bargain Price .99 Amazon Kindle …or … Kobo James Howard Kunstler is the author of many books including (non-fiction) The Geography of Nowhere, The City in Mind: Notes on the Urban Condition, Home from Nowhere, The Long Emergency, and Too Much Magic: Wishful Thinking, Technology and the Fate of the Nation.PK was at it again in his Monday column, yammering about “rapid job growth,” “partying like it was 1995.” Wise men like him are pounding this country down a rat hole faster than you can say Romulus Augustulus.Apparently the US Bureau of Labor Statistics missed the job bloodbath in the oil industry, especially over in Frackville where the latest western phenomenon is the ghost man-camp (along with ghost pole dancing parlors).It’s a veritable hemorrhagic fever of job layoff announcements: 9,000 here, 7,000, there, thousands of thousands everywhere — Halliburton, Schlumberger, Baker Hughes — like an Ebola ward in the oil services sector.Not to mention the cliff-drop of capital expenditure, meaning even steeper job losses ahead, Casey Jones.It looks like you’re trying to find a page that may have been moved or not longer exists.Please try using our search function to find your content.
The more our leaders lie about misbehavior in banking — including especially the actions of the Federal Reserve — the worse will be the instability in currencies.
othing is stable, nothing is straightforward, everything is fixed, and nothing is fixed. For a culture that luxuriates in statistical analysis (and the false idea that if you measure enough things, you can control them), it is rather amazing that we absolutely don’t care whether the measurements are truthful or not.
O nation of busboys and Wal Mart greeters, awake and sing! Hence, an economist (sic) such as Paul Krugman of might ask himself how it is that Zero Interest Rate Policy only trickles down to places where hamburgers are sold.
Are you looking for a Bay Guardian story that was published before 2015? The print and online articles from the Bay Guardian newspaper and from 2006–2014 are back online at the Bay Guardian archives, and you can search the archive at this link. Also, take a look at our Issuu account for searchable PDFs of our most recent issues.
We will be adding more to the archives in coming months, so stay tuned!