A year ago, the realities of the economy were just beginning to sink in. The situation that we know now as a Recession, Depression, bailout, or whatever you want to think about didn’t happen overnight, but realization of it came to most people very quickly, like a nightmare that hit just as the clock was chiming 3AM. We’ve been awake for a whole year yet, but the clock is only chiming four times and dawn is still hours away. Since we’re awake, why not spend the time thinking it through?
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Category Archives: Money
Economics and commerce, all built from scratch.
Digital Paperboy
How much would you pay to read your favorite newspaper online? If the answer is nothing, because that’s what you’re paying now, you’re not alone. But 170 dailies are agonizing over how to make you pay for their craft in a semi-public way that we are just beginning to learn about. The company that wants to make this happen is Journalism Online, and they’re serious.
At Yer Feet
When people talk about the economy, whether on talk shows or in bars or just standing at the bus stop, the conversation eventually goes the same way. Everyone has a theory about who is to blame, where the money went, or at least how this might play out in the distorted politics of our time. If you let the conversation play out a bit, however, there’s one thing that always seems to turn people’s gaze to the floor as if the answer is written at our feet – what the Hell really happened?
Platform
What are we gonna do? If you read those of us who kvetch constantly about not just what’s wrong but exactly what’s wrong you probably get a kind of fatigue after a while. That’s understandable. I strongly believe that if you are in the business of pointing out the bad stuff you have an obligation to produce a credible way that it can be fixed – or else it’s just whining. While I’ve done my best to produce a framework for understanding how things can go wrong that includes ways to understand fixing the world, it requires a lot of working through the abstraction – and brain ache.
This is where I get specific. This is my platform.
A Matter of Priority
If you’re trying to keep track of the money spent by our Federal Government for “stimulus”, you must know that it’s not easy. CNN has a guide that I’ve found handy that tells me the Government has committed to $1.9 Trillion (With a capital T) and the Federal Reserve about $6.4 Trillion. It adds up to about $75,000 for every family in the USofA, a number so large that it still defies description. I was wondering if somewhere in all that was, in fact, a bit for our families – or at least the kids who will have to pay for this.
Barataria - The work of Erik Hare 