Debt Rattle October 31 2015

 

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    Louise Rosskam General store in Lincoln, Vermont 1940 • US on Road to Third World (Paul Craig Roberts) • Janet Yellen Just Got Some Pretty Bad News (C
    [See the full post at: Debt Rattle October 31 2015]

    #24672
    Greenpa
    Participant

    Re: Roberts

    “Incompetent economic studies by careless economists, such as Michael Porter at Harvard and Matthew Slaughter at Dartmouth, concluded that the gift of vast numbers of US high productivity, high value-added jobs to foreign countries was a great benefit to the US economy.”

    That amounts to an incompetent analysis. The “economists” in question don’t publish their nonsense out of carelessness or incompetence – but in completely intentional (and probably paid) support of the 0.1%. They know exactly what they are doing. And they do it so well and professionally that they mislead not only the public- but academics like Roberts.

    #24674
    seychelles
    Participant

    The “economists” in question don’t publish their nonsense out of carelessness or incompetence – but in completely intentional (and probably paid) support of the 0.1%. They know exactly what they are doing.

    Of course they do. And this never-ending game of playing dumb or accidentally coming to a wrong conclusion by the minions of the owners is getting old. As a prol and uninitiated graduate student at Harvard in the late ’60s it became
    quickly apparent that many professors had their positions not by dint of their intellectual abilities, but because they sat on powerful administrative committees in Washington that were in charge of distributing Federal funds to institutions of higher learning. These same folks were, not surprisingly, amused and animated when it came to discussions about the deceptive misuse of words. The owners have been playing their nasty little game for a long time.

    #24675
    Realitychecker
    Participant

    Tsipras blamed the migrant flows on western military interventions in the Middle East, which he said furthered geopolitical interests rather than democracy. “And now, those who sowed winds are reaping whirlwinds,

    It’s refreshing to see for once, an accurate analysis of the tragic consequences of the cynical geopolitics driving events in the Middle East being reported in the mainstream media.

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