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EconoSpeak

The Econospeak blog, which succeeded MaxSpeak (co-founded by Barkley Rosser, a Professor of Economics at James Madison University and Max Sawicky, an economist at the Economic Policy Institute) is a multi-author blog . Self-described as “annals of the economically incorrect”, this frequently updated blog analyzes daily news from an economic perspective, but requires a strong economics background.

Rescued from Oblivion!

I was sure that the English translation of Friedrich Engels's Preface to volume 2 of Capital had used the expression "rescued from oblivion" in referring to the 1821 pamphlet, The Source and Remedy of the National Difficulties. But the only translations I could find didn't agree:"In this pamphlet, the importance of which should have been recognized on account of the terms surplus produce or capital, and which Marx saved from being forgotten, we read the following statements...""In this...

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Is bitcoin a speculative bubble by the angry bear by barkley rosser there are at least

Is bitcoin a speculative bubble by the angry bear by barkley rosser there are at least · By The Angry Bear By Barkley Rosser There are at least two definitions of a speculative bubble. The first, and most widely accepted, is that it. Is Bitcoin A Speculative Bubble? Nasdaq · So I would just say that you know its a its a massive bubble and its.extremely difficult for value to any intrinsic point on what Bitcoin should be worth. In my opinion, there is a gigantic...

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The Woman Behind The New Deal

 I was long aware that Frances Perkins (1880-1965) was the first woman to serve as a cabinet secretary, namely Secretary of Labor for Franklin D. Roosevelt, in which position she was one of the two people to serve in their position all they way through his presidency, the other being Interior Secretary Harold Ickes. Somehow I never heard that much about her, but an article in yesterday's WaPo's Retropolis section, "The woman who helped FDR change America in 100 days" proved a real eye-opener...

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“How The Humanities Building Went Wrong” Or Does Brutalist Architrecture Represent Fascist “Institutionalized Tyranny”?

 My freshly arrived Spring 2021 issue of "On Wisconsin," the alumni magazine of the University of Wisconsin-Madison, has an article whose title is the first part of the title above in quotation marks.  The later quotation marks phrase appears in the article, but not the word "fascism." The article is about a famous but much criticized building on the UW-Madison campus Peter Dorman well knows, long known as the Humanities Building, although renamed the George L. Mosse building in 1999 after...

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Falun Glenn

Jennifer Zeng is a major personality in the apocalyptic right-wing Falun Gong cult. She's not some generic "CCP critic."Maybe you should examine your sources before jumping on any piece of "evidence" that lines up with your preconceived notions, Glenn. https://t.co/TCHW21A62n pic.twitter.com/X9nucUyF3O— Ian Goodrum (@isgoodrum) December 13, 2020 Receipts.

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Cancelled!

 Who the Hell do these academic journals think they are violating my sacred First Amendment free speech rights?We regret to inform you that we have decided not to send your manuscript to our reviewers for their comments and evaluation. In our assessment, your paper does not quite reach the bar in terms of making an original conceptual or theoretical contribution to meaningful work debates. I'm sure Fox News pundits will race to my defense. Andrew Sullivan? Glenn Greenwald? Dr. Seuss? Mx....

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William Godwin’s ethic of leisure and the riddle of social justice

In An Enquiry Concerning Political Justice (1793) William Godwin declared, "the object, in the present state of society, is to multiply labour; in another state, it will be to simplify it." In The Enquirer (1797), he affirmed, "[t]he genuine wealth of man is leisure, when it meets with a disposition to improve it. All other riches are of petty and inconsiderable value." "Is there not a state of society practicable," he asked in conclusion, "in which leisure shall be made the inheritance of...

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One Dose or Two?

There are two theories out there about how to vaccinate.  One says, look, we have data only on the protocols that were adopted in the trials.  The Pfizer and Moderna vaccines were administered in two doses, three to four weeks apart.  We know that works.  Don’t mess with it.  Stick to the protocol and make sure everyone getting these vaccines gets both doses in the proper time frame.The other says, our goal should be to get basic protection for as many people as possible as quickly as...

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Is There No Hope for “Muslim Social Democracy”?

 Probably not I am afraid.  Indeed, this label is a recently cooked up one, to replace an earlier one that used "Islamist" instead of "Muslim." The group claiming this apparently failing and declining label is the Ennadha Party of Tuinisia, founded in 1981 and still led by al-Ghannouchi, currently  Tunis's Speaker of the House, although he and his party, which has led Tunisia for the last decade, may be about to be removed from power.This is the 10th anniversary of the "Arab Spring," which...

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Disposable People

Disposable people are indispensable. Who else would fight the wars? Who would preach? Who would short derivatives? Who would go to court and argue both sides? Who would legislate? Who would sell red hots at the old ball game?For too long disposable people have been misrepresented as destitute, homeless, unemployed, or at best precariously employed. True, the destitute, the homeless, the unemployed and the precarious are indeed treated as disposable but most disposable people pursue...

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