Jim Hansen on Carbon Tax

Karl FitzgeraldCommentaryLeave a Comment

photo credit: Fotos de Carrio Our repeated calls for a carbon tax have been heeded by none other than NASA’s Climate Change expert Jim Hansen: ‘We have only four years left to act on climate change – America has to lead’: In particular, the idea of continuing with “cap-and-trade” schemes, which allow countries to trade allowances and permits for emitting … Read More

Renegade Economists Podcast 71

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photo credit: D&J Huber The Melting Social Contract: This show wades through recent economic trends, explaining why the boom bust bubble occurs and how this effects our ability to act as normal, respectable human beings. Also the Holocaust in Gaza and how desperate students have become to avoid paying fees. Show Notes South Pole summer Why Economic Growth fails us … Read More

Skaters Make Use of Key Resources

Karl FitzgeraldCommentary1 Comment

photo credit: tunaboat A new phenomenon is sweeping the globe as housing foreclosures render thousands of dwellings vacant and ‘of no use’ according to two dimensional economics. Skateboarders are draining the vacant swimming pools and using them to skate in. The NY Times reports that: “We have more pools than we know what to do with,” said Mr. Peacock, who … Read More

Ponzi, property and genuine wealth creation

Karl FitzgeraldCommentary, Hot IssuesLeave a Comment

photo credit: James Willamor Michael Hudson explores the analogous nature of Ponzi schemes and the property bubble. How is wealth created in the modern era? Through hard word, through who you know or what you ‘flip’? December 23, 2008 Last week the Good Lord evidently realized that not enough people had been reading Hyman Minsky’s explanation of how financial cycles … Read More

Commercial Property next US bailout industry?

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photo credit: °Florian C’mon you can’t be serious but that’s what the lobbyists are looking for with commercial property in dire straits in the US. The NY Times reports: Just as home loans were pooled, then carved up and sold to investors as securities over the last two decades, commercial property loans were repackaged for the financial markets. In 2006 … Read More