- “The head of the Organisation for Economic Co-operation and Development (OECD) has said that the eurozone needs to double its bailout fund to 1 trillion euros ($1.3tn, £836m). Angelo Gurria said the eurozone must show investors they have the ‘firepower and by God… I’m going to use it’.”
- “The US government shut down a series of court cases arising from a multimillion pound business dispute in order to conceal evidence of a damning intelligence failure shortly before the 9/11 attacks, MPs were told. Moreover, the UK government is now seeking similar powers that could be used to prevent evidence of illegal acts and embarrassing failures from emerging in court, David Davis, the former shadow home secretary, told the Commons.”
- “The case of the 17-year-old African American shot on a Florida street one month ago continued to torment the United States yesterday as the victim’s parents attended hearings on hate crimes in Washington and outrage erupted in New Orleans over comments on the case made by a police officer.”
- “But this year Denmark’s wind industry has run into strong headwinds that are threatening its dominance — and there seems little its government can do about it. A glut of turbine manufacturing capacity, a drop in power prices worldwide, growing competition from Chinese manufacturers and a series of industrial mishaps last month dragged Vestas, Denmark’s biggest turbine manufacturer, to its first loss since 2005.”
- “Western governments have been encouraging Egypt’s nascent political powers to consider offering the military generals currently running the country immunity against prosecution, according to the Muslim Brotherhood.”
- TRNN: “Egypt’s Workers Movement Strikes Back. After months of failed negotiations with government ministries, Egyptians workers organized nationwide strikes in both the public and private sectors.”
- “The discovery of a dozen suicide vests packed with explosives in Kabul was a matter of deep concern, a grim indication that the Taliban were intent on carrying out a massive attack. The added shockwaves came from the location: they were found in the country’s Ministry of Defence, less than a mile from President Hamid Karzai’s residence and the headquarters of Western forces.”
- “The West African regional body Ecowas has suspended Mali after last week’s military coup. A delegation of several Ecowas heads of state is to go to Mali to press the coup leaders to restore democracy.”
- “Marwan Barghouti, the jailed Palestinian leader seen as a favoured successor to President Mahmoud Abbas, has declared the death of the peace process and called for a civil revolt and a severing of all ties with Israel.”
- “Colombia’s decades-long civil conflict has reached a paradoxical climax. Both the government and the rebels are calling for peace. To prove that they are serious, the rebels are proceeding with a historic release of abducted soldiers and police; some have been held for 14 years.”
The truth will set you free but first it will piss you off.




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Thanks, SD, that the government is suing for peace from FARC is pretty amusing, will UN peacekeepers be involved?
Good Morning!
Just who is in charge here?
Can’t believe the insanity of that intelligence failure glitch.
Everyday there is a new level isn’t there? One really has to start considering the mental stability of those in leadership positions.
As long as it’s kept a secret, all is well, in the eyes of the failing.
Good morning all.
Mornin’, pups
Did anyone see the Supreme Court protests yesterday? I’d like to know if there were Riot Geared Cops there throwing people around and dragging them off to jail.
Supersize me!
Thanks for the New Orleans link….sorry for the eruption, but certainly fair to note that the New Orleans history on these issues is not a lovely thing….See Katrina, etc.
I guess so.
Current TV has a new morning line up. I’ve enjoyed it so far today.
Good morning.
The Medicare for All folks have not let the moss grow while waiting for the Supreme Court’s decision. There is a petition to Congress, which is a low-cost way to once again annoy the people who pretend they work for you. (You can customize the message.)
Universal Healthcare Without Individual Mandates
btw, thanks for the recommends of my NATO diary.
SD,
Gotta thank you for that link to the pre 9-11 intelligence spat. Makes even more sense now that Afghanistan was pinpointed as the terra hot spot.
No tents either.
For those interested, the battle between KThug and MMT has erupted again. KThug uses the title “wonkish” to scare off folks who are unfamiliar with economics, but the issues are pretty simple — and have great import for progressives.
It starts with this.
Wish it would help, but my local rep is wholly owned by Big Oil, Ralph Hall, as are the senators from TX.
Want to act like members of Congress, Corporations, and other money men?
Bet against America in the stock market. It will make you a millionaire!
http://www.bloomberg.com/news/2012-03-28/genworth-bets-on-long-term-care-as-insurers-flee-market.html
My nonrepresentatives are all backed by the MIC. No chance they will vote in favor of anything that might shift money away from forever war.
Behind the scenes reports from lobbies gaming the system should be amusing.
It’s very interesting that the failure was a turf battle and not a legislative restriction of FBI and CIA cooperating. You know that it was all that restrictive legislation that made the PATRIOT Act necessary to pass immediately.
Turf battles proliferate agencies, which proliferate turf battles, which causes a demand for a super-agency, which causes other agencies to develop their own capabilities because the super-agency can’t respond quick enough which…ad limits of taxpayers pockets.
Pilkington has a good post on it over at nakedcapitalism as well.
Good morning SD, Pups
One Decorah eaglet so far.
Wouldn’t it! I thought the expose of Eric Cantor was something. However, if we were able to see the scene you described it would be the next best motion picture in history!
Doesn’t matter. Bug em anyway. And get similar minds to bug em. They’ve gotten too comfortable in having been written off. You’ll at least let them know the natives are restless.
I have a similar problem–two bought out Democrats and one nitwit Republican. Like I said, it’s low cost.
Yes, I saw that. To be fair to KThug, I linked to the first piece. :-)
Mornin all. If they saw the “carnival” as a real threat to the 1%ers heads would have rolled. The images serve a useful purpose to the ruling class as a “demonstration” that the system really works, “why just look at all the people peaceably assembling, isn’t the “system” great?”
You know the most interesting part of it to me is that the US was going to install their own phone system in that country just for the purpose of not only making money off the people, the US Govmint, but to spy on THEM! This was BEFORE diplomacy or terra ops!
If the Star Chamber kills the health care bill it would behoove us to go full tilt boogie on Medicare-For-All. No fuckin’ around this time. No public option bullshit, no compromises, no prisoners. Medicare-For-All or bust.
Oh, yeah. Great, just great. Notice the difference? Wide media coverage, no head bashing, no riot gear and such.
Peaceably assembling with icons to their martyr St. Andrew Breitbart.
Or,
the so-called spat provided plausible deniability for the US’ unreported knowledge (anyone actually believe that they never used their technology to spy on the Taliban before 9-11?) that Afghanistan had nothing to do with 9-11 (remind me of the origins of those 19 hijackers); couldn’t have anything getting in the way of our imperial wars-for-profit!
Huzzah!
Get the Tumbrels, Torches, and Pitchforks at the ready!
You think that’s where Barry’s head is at?
(You can treat that as a rhetorical question, if you like.)
I would jump up and yell twooph to that, but there are some that are not ready for that truth yet.
The neo-con plan is simple. Intercept every communication by every person anywhere. The US Government is hacking our internet with their willing accomplices Cisco Systems and Microsoft.
These multi-national predator corporations spy on their users. Afghanistan and Irak have provided effective models for implementation of universal surveillance in the Homeland.
And definitely no Max Baucus this time.
Damn straight.
But that means raising up the popular power in a way that we haven’t seen before. The striking down of a Heritage Foundation plan written by a Wellpoint lobbyist into law, passed by a bought-out Congress, and signed by a paid-off President is the new piece of information that could get folks behind it (and delegitimize the Heritage Foundation as well).
Wendell Potter, guest on democracynow on SCOTUS on ACA is completely clueless about medical costs & what the individual mandate will NOT do.
Our D “representatives” will double down on a “Grand Bargain.”
Fuck Obama. There’s more of us than there are of him and his ilk.
Gonna hafta read the MMT stuff later.
Yeah, it’s called revolution.
That story about Barghouti may be the most important link there. He is the one person I’m aware of who could unify Palistine, Hamas, and Fatah.
Now he’s calling for resistance. He’ll get it. Intifada III, coming up.
Can Israel handle Hamas, the West Bank, Iran, and Hezbollah all at the same time?
Boxturtle (I think the West Bank will be burning this time next week)
You are so in tune to things. You are downright Psychic. ;-)
Wish we didn’t have past examples to pull from.
Hello in there. ” Oh, what a tangled web we weave, When first we try to deceive. ” This pretty much sums up my take on the ACA, the FBI/CIA money ball fight: Show me the money!. I’m reading a great book by Mohete Danlite, titled ” It Takes An Entire Justice System To Raise A Black Felon “. It deals with lots of abandonment issues, be forewarned. And the whole Federale/ Farc peace lawsuit: will the case be brought in front of the Int’l Criminal Court or filed in Small Claims?
What have they got to lose?
My opinion. It’s not where his head is at. It’s his dumb luck that it might be struck down, leaving no alternative but go to Medicare for All.
Remember all those folks who are receiving guaranteed coverage. Because it’s high-priced, these folks are not altogether average voters. And they will be readying their torches, tumbrels, and pitchforks if the whole law is ruled unconstitutional. That is what is politically different.
Will there be a response? We don’t know until we turn up the heat on Congress. And the runup to the election is going to be all about turning up the heat. It’s gonna be a very interesting year.
IMHO, the way to enter the discussion is with something simple and concrete. Like the role banks play in the economy. (If folks really knew the role banks play …)
MMTers often make the mistake of thinking that one has to get all the accounting stuff before they understand MMT. I think it’s just the opposite. (Told one of the main proponents in a conversation.)
The key is to start with an issue important to progressives, show what MMT proposes, and then explain why.
On edit: MMTers agree with progressives on virtually all policy prescriptions.
Liberal opponents of Obamacare should all sincerely hope that the Supremes overturn the individual mandate. Then there will be no alternative but to consider Medicare for All. This is one rare time when the far right Supreme Court conservatives hold the correct position.
Left to themselves they will indeed.
A little off topic, but in the same strain:
Occupy Charlotte is having an event today to protest the rising fees and costs to city rail and bus fares.
If you think you are too small to make a difference, you have never tried to sleep in a room with a single mosquito – Dalai Lama XIV
Always remember that. We may not be able to win a war, but we can annoy them until they negociate.
Boxturtle (And annoying the 1% is enjoyable in it’s own right)
It is natural for any economics article to have a ‘wonkish’ bent.
Afterall, economics is the art of getting brilliant inventive minds (liars) to conjure up ‘market-driven’ (believeable) cover to mask the precise and deliberate acts of the moneyed class over the 99% serf population, which makes those serfs feel more apathetic, and less like to revolt against their lot in life!
Which is where we should have been in the first place!
Boxturtle (Would Medicare cover the installation of a backbone into Obama?)
I haven’t read the book. Have you gotten to the chapter that tells about the agency’s portfolios yet? You do know they have their own hedge fund managers and stock brokers right?
Would Medicare cover the installation of a backbone into Obama?
In the case of Obama or any other Capitol Hill Democrat, such a procedure would be regarded as strictly experimental.
Yeah, but they got all the money and power. Kinda equalizes things.
Boxturtle (Either you accept our bribe or we indefinately detain you as a terrorist)
Well, the Lake did spearhead the movement to not pass this piece of shit in the first place. Hope springs eternal.
The worst case scenario for Medicare for All is striking down the mandate but severing the rest of the bill. Of course, that is also the worst case for the health insurance industry as well. The confusion over what that means damps the political edge of pushing for Medicare for All.
SPLURT
SD,
May I have a bar towel and a fresh cup of coffee?
Wish this would work, but we’re dealing with the firmly ensconced behind high fences, who do not plan to work for a living when they have lobbyists bidding for the privilege, and my rep is senile to boot.
Good for them. These kinds of protests build public support and broaden the base of the movement.
I would think that would not be covered as it would be considered a COSMETIC procedure.
There is also a remarkable consistency between the policy proposals of MMT and what Marx would propose today. This can be seen in the broad agreement between folks like RD Wolff and Bill Mitchell. Of course, there are difference in the “why?” and “What is the ideal end solution?”
But had Barry been listening to Wolff, Mitchell, or Marx, we wouldn’t be in the position we are today.
(That’s all conjecture on my part, but it’s my story, and I’m sticking to it. LOL)
They can’t lock us all up nor can they kill us all.
Nothing except their lives and the lives of their children. And given the kind of life Israel intends to permit them, might as well go down fighting.
A wise man would have cut Marwan loose and dealt with him, rather than the currupt and dysfunctional Palistianian Authority.
Bibi isn’t going to accept any fair deal. Israel belongs to HIM and the palistinains are stateless trespassers.
Boxturtle (Religion has people fighting over a DESERT!)
Senile reps deserve fresh-faced challengers. Of course, because they are so ensconced, conventional wisdom is that they are unbeatable. But that might not be the case for a bold challenger.
I thought they were forced to separate their commercial black bag banking from their investment black bag banking? Let me call Holder and see if he’s got that money from the guns sales on the border in the correct fund.
Mosquitos don’t care about fences. The only way to keep ‘em out is to seal yourself off. Then you have trouble spending your money.
Boxturtle (I’m a horsefly. Same rules, but I bite harder!)
I’d like to stick with you.
Between you and t-tiger, I am thankful that my coffee break does not start till I log off this site.
Nah. They did away with all those regulations. There is no separation anymore. A bank can be an investment institution, a regular bank, a mortgage corporation, a loan shark, and a casino ALL in ONE!
One stop
shoppingrobbery.Twice worked in the campaign of that challenger, twice the defeat was in the same percentage in every polling place, from farm to college areas. Finally, the challenger admitted you can’t win a fixed election.
Nudge, are you new to the Diner? If so, welcome. Watcha drinking?
Sorry, manners. Good morning, pupses, and thanks, SD.
Good one!
(((Om)))
Good Morning. Wish I could stay and play, but I have to dispatch the rabble hoardes onto the countryside.
Have a great day and contemplate all these wonderful gifts the repugs are throwing in our laps. Voting fraud, women’s health issues, Health Care in general, and on.
Good morning all and thanks for the post and host SoDrag.
Welcome to nudge and was just wondering where you, demi and msmolly were.
Objection! Assumes material not in evidence.
I would talk to Bradley Manning before I said something like that. if I could get visiting privileges. I’d also suggest talking to American citizen Anwar Al-Malki (sp), but he ate a missle.
I think CCA would be more than willing to build and operate all the prisons ObamaLLp needs.
Boxturtle (Besides, they don’t need all of us, just the noisy ones like you and I)
You missed laundromat but I hope you get the idea about washing funds while leaving other functions out to dry. It’s a dirty business but someone always cleans up, one way or another.
Damn! I’ late and you are on your way out the door ;(.
((PP))
Keep your pitchfork handy. Things might happen fast, when they happen. *crosses her fingers*. :)
Good point. Your rep’s a “who needs voters” sort of pol. Is it just his that is fixed or all elections? Is the Soil Conservation Commission election fixed, for example? If it’s all elections, that is an issue right there if you can catch them, which I guess requires some poll watchers and a good election lawyer.
Condolences.
I recommend Scarecrow and Southern Dragon for the Order of the FireDog, for service above and beyond the call of internet duty.
Good morning, SD and Pups of Fire. SD, you sure about that? I suspect some would advocate that they at least try. I have entered serious overload terrotory when it comes to trying to keep track of all the ways our society has gone FUBAR. If only they would slow down on adding new things to the list every day, I might have a chance. :-(
Good morning, oldnslow. Wish I could saw they were over here making sticky buns with me, but maybe they are just running late, too?
How’re you this morning? And the lovely cbl?
“say” not “saw”. Lol
I’m off to a very rocky start this morning, sorry.
That’s because you will ONLY accept a pony.
Nah! Been lurking here since the original Redd Hedd days; have more time on my hands since my recent layoff.
Staying away from drinks till there’s no chance of ruining my keyboard.
Sorry folks. Forgot my manners. Mornin’ FDLers!
Oh, it’s you who’ve been keeping track. You know what physics found out about observed objects I guess.
We are well. Hope you are the same.
CBL was lurking yesterday and regreted not at least saying hello. Perhaps she will jump in this morning. CBL?
So sorry to hear of the layoff, but selfishly glad you are able to join us. Yep, plenty of opportunity to spew around here!
Big money from out of town started a long time back, ousted even the County Clerk so now election watching is no longer allowed. I’m not up to going it alone, am in the process of getting out.
Yeah, that’s me, Nirvana or nuthin’!/s
Watch it, buddy lol.
Hej, RCA. Hold out for the pony. We can use it to pull the tumbrel.
Damn it’s autocorrect! LOL. Look, it did it again!!
Well, gettin’ laid off sucks.
But you’re right, it’s best to keep stuff away from the keyboard with this crew.
Oh Snap!!!
Now they’re playing games.
Note to self: game engine for Occupy
Well, welcome back to the world of the posters!
Who laid you off?
Boxturtle (Aren’t that many jobs left around here to lay off from)
I.give.up. !
How resourceful. Now what do we do with the barn-full of shit that we just shoveled to find the pony?
When life hands you a barn of s#!+, package it and sell it as fertilizer.
Boxturtle (But be careful. The word “fertilizer” makes DHS nervious)
Good morning everyone and thanks for the post SD.
KThug? That’s a pretty derisive name to call a Nobel economist. Can I assume you disagree with him?
‘Morning, pups. Early errand took me out of the house and just got back. Haven’t read the links or comments yet.
Oh lord, you’re asking me?? This morning?
I’m just telling myself not to get excited thinking that the Alito court could create an opening for Medicare For All.
morning, pups! thanks for excellent headline-summaries as usual.
nudge @ 50: best summary of economics i’ve ever read–kudos!
for interesting read, i reccommend http://www.webofdebt.com. 3 free online chapters.
Happening before our very eyes. When those kids who can’t get jobs are booted off their insurance, a few idiot eyes are going to be opened.
Off to swim in the great capitalist cesspool.
US KIA Afghanistan: 1,918
Afghan, Iraki and Pakistani casualties: estimates vary to over 1.5M
US MBS 2012: 10,788 and counting
If You Feel
No war but class war
Be good to yourselves, and all other living things
Namaste
Never. Give. Up.
Nothing to be sorry about…been expecting to be laid off from work (IT Technologist) for the last 20 years (have always had highest security access to corporate data – surprisingly, that access has recently been given to my replacement in India – Sarbanes-Oxley/HIPAA be damned!)…feels wonderful to be free at last!
You now have your answer to the “what if the roles were reversed?” question about Trayvon Martin’s death and the non-arrest of Zimmerman.
Chicago Homeowner Arrested for Shooting Burglar
And yes, Illinois does have a Stand Your Ground law.
My wit was either too dry or too half in my snarky comment.
No, it was right on the money:). I’m just having one of those mornings…. :)
What derisive names can you invent for a recent Peace Prize winner from the US? ( in anticipation)
I’ll note that Rahm doesn’t think it apprpriate to comment in the middle of an investigation.
Yeah right.
Guess it is a little liberating when the other shoe finally drops. Wish it had kicked congress squarely in the ass as it fell, though!
Now you, too, have the opportunity to worry about healthcare coverage….
And a confirmed second pip. Just got a really good look at the new fuzzy chick. Camera is much better this year!
They also have a law that says felons can’t possess guns. The homeowner was under such restriction.
Boxturtle (So, I think, different circumstances)
Yep, have felt that way too, after winning the disputed unemployment bennies. Hope you have a vacation in mind.
(snorts, giggles in anticipation) html formatting ate my faux tags!
I guess I am just getting really tired of name calling, even those with whom I disagree. We’ve had a couple of really ugly diaries/comment threads of late, and I’ve had my fill of ad hominem attacks. Econobuzz doesn’t usually do that, so I was trying to figure out if I had misread the intent.
I am an economics dunce, so I tend to skip Krugman’s “wonkish” posts because I know I won’t understand them. I do read his blog daily and try to learn.
Have a good day, thanks for getting everyone together every morning…you’re the best.
You’re right! Free at last from healthcare! (as provider [employee] and subscriber)
I’ll bet you say that to all the hippies. *ducks*
A new chick, hurray!
I read a lot of economists and must say Krugman was taking a thuggish response to a post from Steve Keen. I would say after reading Krugman’s wonkish post that he came off quite dismissive of Keen’s well presented ideas. A kerfluffle but Krugman was less than gracious.
Phil Pilkington has an excellent summary over at nakedcapitalism this am if you want to get all “Wonkish”
Noted. At least derision is safer for all than vigilantism and outright lethal violence!
Read Naked Capitalism every day, especially the comments. It might not get you a degree, but you’ll at least understand HOW the 1% is screwing you over.
And give it time. The first week I was there, I spent as much time looking up new words as I did reading.
Boxturtle (*insert gratuitous ad hominem attack here*)
It might be a surprise that some Posts have lots and lots of comments. But other Posts with zero comments are the most popular. But even to be #20 at FDL is better than #40.
You are pretty safe this morning, but I’ll be up to speed by afternoon. Don’t be walking by the sink during mug-washing time. Just sayin’.
Can’t hear ya, I’m gazing at the speaker, enjoying the sound of my masters’ voice lol. If I COULD hear ya, I’d point out that we’re gonna need a large draft horse to pull the tumbrel. ;-)
That’s what makes you so popular. (ducks and covers)(old joke)
One can only hope. Well, not just hope. As Ruth was saying, lots of young people are going to be finding themselves without coverage. It’s simply a matter of combining our forces.
KThug is what his admirers call him.
It’s a term of endearment — really.
Didn’t mean to be critical, but as I said, I’ve had enough of that for now.
Welcome to the Diner, by the way. Sorry you’re laid off but happy you’re joining us.
My career was in IT also, but mostly in management. I retired in 2010 but I’m old enough for Medicare and so far it has been fine. After a career with employer-provided health insurance, I’d hate to have to “go it alone” in this environment.
Nope, not a surprise at all. A lot of people who never comment read the posts and diaries. Sometimes around here two people “chatting” on a thread can add a couple dozen comments.
I will take your word for it. The comments here and at Yves place are less than positive. I can’t take sides because I don’t understand the issues well enough.
Sheesh, you’d be well advised to avoid the sink this afternoon, as well *g*
Pupses, have good days, each and every !
Nudge, see you again soon, I hope. You can bring your own coffee mug, if you’d like, now that you’re a regular :)
Safe travels and safe home, everypup
From your
Ohmmmm
Wow. One single case that manages to illustrate almost all of the difficult issues that revolve around the law and realities of the various self-defense issues. But not a good case to compare to the Trayvon case, IMO. The illegality of the gun justifies an arrest anywhere, all by itself.
Nah, I’ll just take you back down from your post, Mr. Turtle. Tee hee.
I WANT you to be critical – when one stops being critical, one has given up!
Big second on that!
I’m with Dragonman. Never. Give. Up.
With regard to policy prescriptions, I agree with 90% of what Krugman writes 90% of the time. Progressives are lucky to have him on their side, IMHO. But he does have an important blind spot — and can be very dismissive about constructive critiques. But we all do.
I believe the first time a read the term “KThug” was on BJ.
I stay off TBogg cuz I can’t tolerate derision or name-calling. Can’t we all just get along lol? Sorry about your job, but I think I’m gonna like having you around in the mornings. ;-)
My gf is such a gentle angel, I actually had to tell her this weekend what “ad hominem” means. Am I lucky, or what?
Can’t quit you guys…
I sort of thought KThug was an endearment like Glennzilla.
That seems to have been the main criticism, although the commenters at Yves’ place also think he’s wrong about the issue in question. They just don’t like his dismissive attitude, and I can understand that.
Can anybody know if they like a diary if they don’t even read it?
Good morning, everyone.
Isn’t the three-day SCOTUS drama simply riveting?
(BTW, I was wrong, rc, there is more than one editor.)
DW
WORD!!!!!!
Must be, but I had never seen it. People refer to PK as “the shrill one” and he’s adopted that occasionally too. KThug was new, and I was taken by surprise by the “thug” part.
I’m having more fun watching the eagles. Papa is sitting on the nest at the moment, and keeps rearranging the nest bowl to keep the eggs/chick warm, I guess. Fun to watch.
Well, there is that, however, I found the “reading rates” to be fascinating, and I consider that it would be very interesting and informative to learn what receives what …rc.
DW
Thanks, all, for the gentle ‘velvet-gloved’ welcome. If you feel it is required, don’t hold back the iron fist on account of political correctness…be yourselves at all times…this forum should also serve as a lab environment for social interaction.
All right, it’s Wednesday, so that means it’s time to change out boxes of baking soda in the fridge and freezer, and wash the inside of the toilet tank….
LOL!
Heading out to work in the garden:)
Bye, y’all
Well, wecome aboard, nudge! I can tell already, that I’m going to enjoy your presence here at FDL.
;~DW
They are such good parents. Hard to move away from the screen. Have fun :)
Yves is a female, as papau endlessly informs us, a former hedge fund manager named Susan, in fact. I don’t doubt him, he has an obsession with her, not in a good way. Seriously, you can’t find many better sites to get an understanding of what really happens in the world of money.
The issue is extremely important for progressives. It’s not just an academic disagreement. It relates to really important policies surrounding debt, deficits — and the role of money and government.
Krugman is a big proponent of simple models to explain complex issues to non economists. That’s fine if the models are accurate descriptions of how the real world actually works. If one’s model is not a realistic version, the burden of proof is with the one using the model to explain why that doesn’t matter. There’s not a banker in the country who feels that Krugman’s model is an accurate description of what banks actually do — and the consequences for the economy.
He chastises the Freshwater Economists for dismissing important macroeconomic principles. IMHO, he is guilty of the same thing vis avis MMT.
Absolutely incorrect.
Have crashing and banging thunderstorm here, so I’ll be seeing all of you later on, most likely.
Be good to everybody, it’ll make things better … all around.
;~DW
Just looked at Krugman’s blog, and he has a post titled “Good golly, Miss Molly” — definitely gonna have to read that one!
I have a neighbor who addressed emails to me “GGMM.”
There are times where it really is better to be lucky than good. But my wife can do ad hominen without knowing what it means.
Boxturtle (Just like our doofus politicians)
Good morning, DW. How does one distinguish between a rivet and a screw lol? As I said last night, I’d have beeen really surprised if it was the one that I know is a VERY classy person. Re another of the possibilities, no surprise at all. Something just clucked for me. ;-)
To my knowledge, that has never happened in the Diner. You’re much more likely to get hit by a coffee mug thrown from somewhere across the room.
Boxturtle (If that happens, fill it with hot coffee and throw it back)
OTOH, if many read but none comment, can anybody tell if they liked it lol? Logic. It’s very underrated. But highly recommended.
PLEASE make it clear to everybody that I did NOT put you up to that lol. (((((((nudge)))))))
Sounds great. Just don’t get confused . . .
I’m gonna risk getting zapped (by the lightning) by suggesting that a “Who’s Who on Site” would be much appreciated, rc.
Getting very wild and uncommon windy, here, I’ve got several hatches to batten … will check back later …
DW
Which part?
Here’s some further illumination:
Economists are to wealth, as
Psychics are to lottery prizes.
(I need to get back to gainful employment; I have too much time on my hands for musing!)
LOLOLOL Gotta say, not my gf. She is relentlessly positive, and determined to save the world from itself. Sometimes I am a real challenge for her lol. Definitely lucky.
LOLOL. IMHO, NC is the best financial blog for progressives to read.
Should have been more precise with my answer.
Fiona.
…and all living things.
And Highly Flagged
Not at all surprising, but it’s amazing that we allow that kind of crap to continue.
Ok, but keep your probes to yourselves, please.
LOL!! I need an Om at my house to tidy up.
Yes indeed.
Was there ever any investigation into whether Zimmerman was a felon, whether the gun was legal, ….? Considering the police work, I suspect not. They knew him. He did neighborhood watch. He’s OK. (Do neighborhood watch captains get background checks?) His background didn’t matter; in fact, it would be a violation of his privacy without probable cause. A little obsessed, but…
We don’t. We passed the PATRIOT Act. [ducks]
NC?
http://www.nakedcapitalism.com/
Boxturtle (Add it to your favorites)
Yes, by Cluckers, acting as a gang. And thereby proving my point in writing the damn thing. BTW, did you ever look up the meaning of the words, “at length”? I don’t think SD will appreciate the conversation you are prompting, feel free to drag your butt over to the diary thread itself if you need to talk about something you declared yesterday you would not read.
Naked Capitalism
No, you’re wrong, ysd, we need to immediately push for a Constitutional amendment outlawing anybody from ever calling attention to anything that might embarrass anyone in government. Citizens should not know any reason to vote against anybody. ;-)
I said I would not comment. But I did read it with interest. And I am a Gang of One. But I am not an Army of One.
And on today’s episode of “As The Meta Turns”…I wear my Firedoglake Occupy Supply Hoodie.
Something really stinks about the police and DA actions re the investigation. It is good that there will be a re-do, to the extent possible. And I’m seeing reports raising the possibility that his father is a judge there who may have pulled strings for him at various times-gotta learn more about that. I know enough about Florida corruption to know that a judge can get away with a lot. Lots of interesting tangential factors, on both sides, getting a lot of discussion. But, to me, all that really matter is, exactly what happened when the two came into close physical proximity that night? That is the meat of the case. Everything else is just garnish. Interesting garnish, but garnish nonetheless.
Aaaargh. econobuzz got me by misdirection!!! And to Box Turtle, been on my Favorites List forever, I got confused cuz I thought econo was dissing the site. Dunce hat, please lol.
I’m glad you read it. Some people want to fight and exclude, but I want to debate and include. I wrote that diary in the hopes that it would move us in the right direction. It’s a process. (BTW, “at length” meant all were welcome to comment, but don’t write pages about how there is no problem. I wanted a discussion from people from both sides of the problem, not deniers. Deniers were still free to briefly note their denial.) ;-)
true – but I’ve reviewed some of those model’s the banks use – and Krugman has a right and indeed an obligation to be critical.
I long ago gave up pointing out to model builders that correlation does not mean causation – and indeed the contrafactual can not replace commonsense judgements
Krugman wins this round.
LOL
sigh – a hedge fund person (Susan) remains a hedge fund person – and folks do need reminding.
But the site does have interesting and thoughtful pieces – albeit from one point of view.
Wish I could still have “unhealthy obsessions” – wish I could remember ever having them as it might of made for a more interesting life :-) .
:-)
Why not obsess with me over the thought of a barbecue sandwich. Can’t get much more unhealthy than that…..
Never too late for life to get interesting :)
TrayVon Martin Tribute by Chaka Khan
I love the intertoobz. We could not have done this 15 years ago.
How many points of view on a particular subject does one person need?
Just finishing up here and I’m going to take a walk in a bit.
Liked this mug: Forget not that the earth delights to feel your bare feet and the winds long to play with your hair. ~Kahlil Gibran
Bird Song
Hope it’s a beautiful day wherever you pupses find yourselves :)
Got that right. Every breath brings with it new possibilities.
She managed to strike a pretty good balance, I thought, and still deliver a positive message…we do live in a pretty amazing time.
You are a character, my friend, but an interesting character, and I’m glad we have your around here. You know when I tweak you it is with affection, I hope. ;-)
I think calling for justice is a positive message. I’m not speaking of Trayvon in particular but the myriad injustices inflicted upon millions throughout the world.
No justice
No peace
Heavy philosophical question, SD. The more the merrier, say I. With luck and diligence, we might be able to recognize the one that has the most merit. Robert Pirsig once set out the example of a diamond cutter and a diamond. Many could strike the diamond, most would cause it to crumble to worthless dust, some would produce something of value but inferior quality, only one strike would be the one to best lay bare all the best facets, i.e. the truth. I try to let that example guide me. That is why I am always going on about the marketplace of ideas. It’s easier to choose from a long list of good choices, than to have to develop all the hypotheses and theories exclusively with your own energy.;-)
I’m in with that. Big-time.
Life equals injustice, I fear, in this world. The fact that people continue to recognize and fight against it is a source of hope.
Depends on how you see the question. *g*
Need – need as many points of view as possible in order to have a more complete picture
Have – can one have, or advocate, believe, whatever, more than one point of view on a particular subject and not be in constant debate with one’s self?
Back to work.
Namaste
bonne journée
I have a question about Medicare for All:
Would this still include insurance companies offering Medicare Advantage policies?
Could Blue Crucifix, United Health, Humana, etc., survive in that environment, or would they fold? If so, would patients be on the hook for the uncovered portion of Medicare, or would Medicare be raised to cover all costs? (Except, obviously, for cosmetic procedures and such.)
Medicare For All is a better marketing name for single payer. There are private insurance companies in other countries and I wouldn’t see any reason that there wouldn’t be here, offering supplemental care. We should be smart enough to create a system that functions well. It’s not like we’re inventing the wheel, although the nay-sayers would certainly say it.
But if we still have insurers paying for supplemental care, doesn’t that negate the concept of “single payer”, as in, “one entity pays for all care”?
Not that I’m arguing against single payer or Medicare for All, I’m just wondering about logistics and realities of implementation because we need to be prepared with answers when these kinds of questions come up. For instance, a lot of single payer advocates say “get rid of the insurance companies entirely”, but would we really be doing that? (BTW — Sounds good to me!)
If you think I’m wrong, you *could* have the decency to hurl invective at me in flame. Teehee.
This has been said many times before, but… Why on earth are we even considering mandating people pay outrageous amounts of money to for-profit medical insurance instead of collectively paying for *actual health care* through a non-profit public system. It. Is. Crazy.
Understood. I’m just a bit of a freak, I guess, in that whatever position I have is constantly open to an ungrudging revision if relevant new info finds me, which happens all the time. Hence my handle lol.
Silly wabbit, how else can you have a non-productive (read “useless”) middleman that takes out 25-30% for his profit? (P.S. You never flame the ones you love.) ;-)