Economist Stephanie Kelton

To guarantee a living wage, make government the employer of last resort

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Economist Kelton’s fix for employment: “Create competition” between gov’t and the private sector for employees.
Economist Stephanie Kelton

“80% of all the income gains since start of recovery have gone to the top 20%”

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Is there “burnable carbon”? Economist Kelton says there better be, because we’re not stopping.
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Legal bribery: Tim Geithner earns $400,000 for 3 speeches on Thank You Street

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Geithner made sure Goldman Sachs got 100 cents on the dollar in the AIG bailout. Now it’s his turn for thanks.
bank-failure

Think your bank deposits will always be 100% guaranteed by the FDIC? Think again.

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The US, UK and NZ have contingency plans to possibly institute Cyprus-style bank deposit confiscation.

“Capitalism never solves its crisis problems; it moves them around geographically”

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A great animated explanation of why modern capitalism is a world of constant crisis.
Newt’s SuperPAC launches another video going after Romney titled “Blood Money”

Free trade and unrestricted capital flow: How billionaires get rich and destroy the rest of us

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“Free trade” is why they’re obscenely rich, we’re poorer by the day, and world economies regularly crash.
Portugal flag via Shutterstock

Austerity’s next victim: Portugal

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The Portuguese economy has retracted worse than expected due to GOP-style austerity measures. Surprise!
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Ed Asner narrates “Tax the Rich: An animated fairy tale”

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The solution to our problems is simple: We must tax the rich. When will we accept that simple fact?
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No austerity anywhere in the world has restored a national economy

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The song of the predator class — “All your money are belong to us.”
Jobs via Shutterstock

Jobs report “steady but uninspiring”

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The jobs numbers continue to be decent but not exciting, though it’s more growth than during the Bush years.
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