Monthly Archives: October 2015

Senators Sanders and Warren say the market is rigged, but it is not until after the financial crisis that we have a more common acceptance of this hypothesis as a matter of fact. Actual events correlate the risk with the … Continue reading →

Goldman Sachs recently announced a new exchange-traded fund (an ETF). ETFs are relatively new. When the technicals become unreliable, because the wealth that forms the capital is too consolidated, risk-hedge devices emerge to effectively correlate with the perception of “the … Continue reading →

Which one of the Republican candidates will describe and explain how, with the Great Recession, 95% of all new income now goes to the top 1%! Since the benefit is so HUGE, it must be good, and it must have … Continue reading →

Coercive Collective Power Free-market mechanics utilizes coercive collective power. Unions apply coercive collective power. Corporate conglomerates also use coercive collective power, as well as government. There appears to be a symmetry across all jurisdictional boundaries, which suggests a commonly divisible, … Continue reading →

Beggars can be Choosers, Winners can be Losers Capitalists tell us they intend to do the greatest good for the greatest number of people, which is a naturally equivalent measure forming the basis of utilitarian philosophy. If there is any … Continue reading →

Economists sometimes refer to late-order effects. For example, when companies merge and acquire, a late-order effect is higher prices. Corporate conglomerates always argue that attaining scale lowers prices. Over time, however, prices go up to capitalize on “pricing power”–which is, … Continue reading →

America was founded with a free market in mind. Again, keep in mind, Adam Smith had a philosophy of using the free-market mechanism to yield legitimately pluralistic, democratic results. His philosophy did not create the risk associated with free-market mechanics, … Continue reading →

Republicans say the poor need to be more austere. Paul Ryan says, for example, the worst thing to do is to redistribute income because it creates a moral hazard–reliance on government welfare. It may not be obvious, but the moral … Continue reading →

Technicians tend to dismiss philosophy. It is not analytically useful. Like the Vienna School said, it is too ambiguous to yield measurable descriptions that produce positive, policy programs that progressively improve over time. When Bernanke describes as “delusional” the leftist … Continue reading →

Political-economist, Robert Reich points out that Bernanke’s latest book describes Senator Sanders’ perception of the financial crisis as “delusional.” Conservatives say that leftists spontaneously assume that the reality of the elite is a simultaneous objective–coercing the non-elite. Reactionaries have also … Continue reading →