Keynes on money

The importance of money flows from it being a link between the present and the future. —John Maynard Keynes And because I can’t link to it enough, the fabulous Keynes-Hayek rap, “Fear the Boom and Bust”

It goes back way before Citizens United…

These organizations [joint stock companies] had raised hackles from the very beginning. Sir Edward Coke (1552-1634), for example, had complained that “they cannot commit treason, nor be outlawed or excommunicated, for they have no souls.” Two centuries later, the lord chancellor, Edward Thurlow (1731-1806), echoed his words: “Corporations have neither bodies to be punished, nor … Continue reading

Abraham Lincoln on Labor and Capital

from  Meltzer, Milton and Stephen Alcorn, Lincoln in His Own Words. (London: Sandpiper, 2009). 60. “Thinking about the value of labor, Lincoln set down this note:” And, inasmuch [as] most good things are produced by labor, it follows that [all] such things of right belong to those whose labor has produced them. But it has so happened … Continue reading

American Dreams

notes on Speth, James Gustave. “The American Dream vs. The Gospel of Wealth.” Yes! Magazine. 29 June 2011. What is the American Dream and what is its future? There are three dualities that Speth examines in this article. 1. The Pursuit of Happiness: Public Good or Personal Pleasure? The ‘pursuit of happiness’ was launched in different, … Continue reading

LIBOR Manipulation Emails

Earlier this week, news broke that LIBOR, the London Interbank Offered Rate, has been manipulated by at least one bank (Barclays). LIBOR is “the bedrock of the financial system — the majority of American mortgages are somehow pegged to LIBOR.” LIBOR is a “global interest rate, calculated every day, which tells you how much interest … Continue reading

America Beyond Capitalism: the Pluralist Commonwealth

notes on Alperovitz, Gar. “America Beyond Capitalism: The Pluralist Commonwealth.” [this was a slightly longer version of another essay, notes on which can be found here. I didn’t repeat myself here, so these two posts should be read in tandem] The most progressive social-democratic proposals based on European precedents are unlikely to be achieved in  more … Continue reading

Talking about Solidarity

Marcos Arruda, “”Solidarity Economy and the Rebirth of a Matristic Human Society” It is economic activity organized for safe and sustainable individual and collective self-development, which implies the shared satisfaction of needs and wants and the co-management of the houses people share in common – the home, the community, the district, the county, the ecosystem, … Continue reading

Quotes: Future of Money

Doug Crane, May 2012 “You look at a banknote, you sit there and you hold it. You know you’ve got it. It’s right there. I know how much I’ve got in my hand, and there’s a level of security to that, that you just don’t get with…If you say, well, how much is on my … Continue reading

David: Day 4, Thursday — Investment Firms

So much good stuff today! Head is reeling. Things I remember— Randy, thank you so much for coming and talking with us, and staying so much longer than we had asked! Stuff randy told us: Women have Big Swinging Dicks too Trading screens — prices blink when the price moves, blink red when go up, … Continue reading

Notes from “The Company: A Short History of a Revolutionary Idea”

The Company: A Short History of a Revolutionary Idea by John Micklethwait & Adrian Wooldridge Some notes I took while reading this highly informative book.  Presented in roughly chronological order (book chronology) though I make no promises… —=+=— Gilbert & Sullivan operetta, UTOPIA LIMITED satirizes the limited liability corporation, and Joint Stock Act http://en.wikipedia.org/wiki/Utopia,_Limited “This … Continue reading