May 262010
 
 May 26, 2010  Posted by at 2:48 pm Primers Comments Off on Economics and the Nature of Political Crises
Economics and the Nature of Political Crises

Gerald Herbert Eulogy For A Breaking Heart May 2010 “A young heron among oil-covered mangroves in Barataria Bay, Louisiana” Ilargi: As we are witnessing our coasts, our economies, our societies and the world as we’ve ever known it crumble, shatter and evaporate, it’s high time to look beyond today, and towards the white swans we all know are out there approaching but prefer not to see. Somewhat ironically, it may be the disaster called Deepwater Horizon, a name that will

Read More...
May 162010
 
 May 16, 2010  Posted by at 9:33 pm Primers Comments Off on Oil, Credit and the Velocity of Money Revisited
Oil, Credit and the Velocity of Money Revisited

Lewis Wickes Hine Boys keep swinging August 1908 Game of craps, Cincinnati, Ohio Ilargi: One more time (could this be the last?), we delve into the notion that energy, and oil in particular, might have caused the financial crisis. We’ve done this more times at The Automatic Earth than we should have already, if you ask me, but Stoneleigh, who has far more patience than I do, has this Q and A with a TAE reader. My view: oil and

Read More...
May 082010
 
 May 8, 2010  Posted by at 6:43 pm Primers Comments Off on The Imperial Eurozone (With All That Implies)
The Imperial Eurozone (With All That Implies)

Detroit Publishing Co. A Yankee Circus on Mars 1905 “A Yankee Circus on Mars” was the production that opened the 5,200-seat “The Hippodrome” theater in New York, the world’s largest, in April 1905 Stoneleigh: In the light of events in Greece, I want to address the structure and prospects for the eurozone, and specifically how the structure pre-determines the prospects. Talk about long term austerity measures in southern Europe by no means covers a worst-case scenario. All aggregate human structures

Read More...