A sample text widget
Etiam pulvinar consectetur dolor sed malesuada. Ut convallis
euismod dolor nec pretium. Nunc ut tristique massa.
Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan.
Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem,
suscipit in posuere in, interdum non magna.
|
By Mason Gaffney, on January 8th, 2012% Paper delivered at Annual Meetings, Association for Evolutionary Economics (AFEE), Chicago, January 8, 2012
Major Outline The Pecora Hearings, 1933. Another 10 days that shook the world. Hearings sponsored by a dying Republican Congress. Role of Hoover, seeking scapegoat. Role of Senator Norbeck of S.D., an echo of earlier progressive Republicans of the Bull Moose . . . → Read More: Reverberations between Immoderate Land-Price Cycles and Banking Cycles
By Mason Gaffney, on December 1st, 2009% At a time when most everyone has an opinion about the state of the U.S. economy and the quality of decision-making in Washington, D.C., the voice of esteemed economics professor and former TIME magazine journalist Mason Gaffney is an important one. Currently teaching at the University of California, Gaffney has been publishing vital contributions . . . → Read More: Interview on After the Crash, 2009
By Mason Gaffney, on December 1st, 2008% Working capital is the bloodstream of economic life. It is physical capital, the fast turning inventories of goods in process and finished goods that supply materials to the worker, and feed and clothe her family. Short term commercial loans and trade credit buy it, but the capital is “real”—a fact often forgotten in the . . . → Read More: How to Thaw Credit, Now and Forever
By Mason Gaffney, on August 17th, 2008% This crash is The Big One; it has signs of becoming a Category 5. How do we know? We’ve “been there and done that” so many times before, roughly every 18 years over the last 800 or more. Major wars and, rarely, plagues have broken the rhythm, along with the little ice age, reformation . . . → Read More: THE GREAT CRASH OF 2008
By Mason Gaffney, on February 1st, 2008% “Stimulus” is the buzzword du jour of domestic policy, but its old metaphors ring with sad satiety: kick-start the motor, jump the battery, prime the pump, shot-in-the-arm, wake-up call, jolt, multiplier, ripple effect, … . Fact is, “we’ve been there and done that” several times for generations back. We have been doing it again . . . → Read More: Stimulus: the False and the True
By Mason Gaffney, on December 1st, 2007% In January 2006 Insights showed how successive administrations in Washington have doctored the Consumer Price Index (CPI) to conceal the real rise in the Cost of Living (COL). Self-defined “mainstream” economists have served as tools, some as active leaders and others as sheep in the herd. For Insights column in Groundswell December 2007 . . . → Read More: The Shrinking Dollar
By Mason Gaffney, on October 1st, 2005%
To consume most goods and services is to eat them up, burn them, wear them out, see them break or rust out or crack or tumble down. But how about land, does anyone think of that? Land as space is not used up. To consume it is to preempt its service flow . . . → Read More: What Is “Consumption”?
By Mason Gaffney, on September 1st, 2005% Insights Column in Groundswell August-September 2005
By Mason Gaffney, on May 1st, 2003% We hear a lot these days about the need for more capital to make jobs. Some of what we hear and read we may discount as self-serving, lobbying for more preferential tax treatment of profits. Yet there is a case argued by sincere and public-minded people on objective grounds which we must take seriously. . . . → Read More: Taxes, Capital and Jobs – Revised
By Mason Gaffney, on August 1st, 1978% We hear a lot these days about the need for more capital to make jobs. Some of what we hear and read we may discount as self-serving, lobbying for more preferential tax treatment of profits. Yet there is a case argued by sincere and public-minded people on objective grounds which we must take seriously. . . . → Read More: Taxes, Capital and Jobs
|
|