"I think here of a [laid-off worker] I had the other day: he has cancer. So the loss of his job means the loss of his health insurance, and the loss of his job, at age 61, really could be a death sentence. It’s a long trek from age 61 to Medicare."
--Thomas Geoghegan
Sunday, January 11, 2009
American Capitalism and the Glory of the "Free Market" in The Age of Bank Bailouts.
Sunday, January 4, 2009
It's true, the internet cant do that.
"Times sure have changed. I remember the good ol' days when you guys had to hide all of your sticky porn mags in secret places, fearing that someone would discover them. Now it's all just a bunch of 1s and 0s on your hard drive, or floating somewhere in cyber space.
Now if someone walks in on you, your porn can vanish instantly with the click of a button . It's too bad you still haven't figured out a way to yank your pants up that fast yet. ;-)"
--SheilaNoya
Wednesday, December 31, 2008
Primary Care
"[Merle] Haggard, who once derided pot-smoking hippies in his 1969 hit "Okie From Muskogee," got hooked on marijuana after a doctor said it was a good substitute for his Valium habit."
--Dean Goodman, reporting for Reuters
Friday, December 26, 2008
Accountability and Economists
--Dean BakerIf economists were held accountable in their job performance in the same way as administrative assistants or dishwashers, they would be fired.
Wednesday, December 24, 2008
Who are you for?
"I'm a pastor, not a politician. People always say, 'Rick, are you right wing or left wing?' I say 'I'm for the whole bird.' "
Tuesday, December 23, 2008
On Unification
Legitimacy
The tipping point seems to be the Bernie Madoff $50 billion Ponzi scandal, which represents the grossest failure of authority and hence legitimacy in finance to date in as much as Mr. Madoff was a former chairman of the NASDAQ, for godsake. It’s like discovering that Ben Bernanke is running a meth lab inside the Federal Reserve. And out in the heartland, of course, there is the spectacle of Illinois governor Rod Blagojevich trying to desperately dodge a racketeering rap behind an implausible hairdo. What seems to spook people now is the possibility that everybody in charge of everything is a fraud or a crook. Legitimacy has left the system.
--capt dave
Tuesday, December 9, 2008
Yeah.... (unless maybe i could get a bit of that wanking and stimulus myself? wait! not that "wanking and stimulus"!)
"Could we have "financial system dollars" and "regular dollars," so that their wanking and stimulus can be self contained to the fake economy, while us real guys can pay an honest buck for a hamburger, a buck whose value is backed by virtue of the fact that it represents actual real labor input to the economy that produced something other than a derivative of a derivative of the shadow of a phantom?"
--Hoopajoops LTD
{lightly edited by dkearns72}
Friday, December 5, 2008
And sadder than the bearded lady?
"Critics are to writers not as doctors are to patients but as bearded ladies are to trapeze artists—another, sadder act in the same big show."
-- Adam Gopnik