http://m.seekingalpha.com/article/476231-a-crash-course-in-the-weird-world-of-a-liquidity-trap


Sent from my iPhone

this pretty much explains why Bernanke is doing what he has been doing for the past 5 years, in a way that no politician would ever dare attempt.  Part of it is dangerously misleading, because although it is true that monetary expansion is not inflationary in a liquidity trap, it is incredibly inflationary if/when the economy rebounds.  So monetary expansion isn't any more destructive than lighting a fuse.  Overall, this is a really good explanation of where the U.S. economy is now, but you can't draw too many conclusions from this, because the situation in Europe makes things more complicated.

I analyzed the chords of 1300 popular songs for patterns. This is what I found. | Blog – Hooktheory

I analyzed the chords of 1300 popular songs for patterns. This is what I found. | Blog – Hooktheory:

'via Blog this'

Instapundit » Blog Archive » LUNCHTIME AT THE WHITE HOUSE.

Instapundit » Blog Archive » LUNCHTIME AT THE WHITE HOUSE.:

'via Blog this'

Look who's trying to save the country...

At least this President understands the economy.  He's looking like Thomas Jefferson right now.

Bill Clinton: Median Income Now Lower Than When I Left Office | RealClearPolitics:

'via Blog this'

read this, and then watch the video in the post below.

http://m.guardian.co.uk/society/2012/jun/05/why-working-class-people-vote-conservative?cat=society&type=article


Sent from my iPhone

Jonathan Haidt on TED.com

Check out this amazing TED Talk:

Jonathan Haidt on the moral roots of liberals and conservatives
http://www.ted.com/talks/jonathan_haidt_on_the_moral_mind.html


Sent from TED iPhone app
http://itunes.com/apps/tedconferences/ted


Sent from my iPhone

Thoughts on how to avoid another Great Depression

This is what the economic situation has come to in Europe: hoping for bailouts that are about as likely to happen as the Royals winning the Super Bowl...


http://feedproxy.google.com/~r/marginalrevolution/feed/~3/7W50nBRlLJM/thoughts-on-how-to-avoid-another-great-depression.html


Sent from my iPhone

The Milgram extension

The Milgram extension

Seth's Blog

In his famous experiment, Stanley Milgram gave his subjects a switch and then encouraged them to give (fake) electric shocks to his confederates if they were slow to follow instructions.

The internet has become a giant version of this, except the shocks are real.

You give people a switch and they can shock you whenever they choose, disrupt your day, cloud your horizons and generally make you feel like a failure.

Of course, that switch has always been given to certain members of your family or co-workers or teachers. But now, thanks to the ability of a total stranger to dump his anxiety or anger on you, the switch is easily handed to hundreds or thousands of people.

Extending the circle of people who are able to zap you is human nature. It's easy to do and tempting, too (because it feels as though you're gaining the ability to have others approve of you). On balance, my guess is that a large number of strangers holding on to electric shock buttons is a dangerous situation. But it's up to you.

Sent with Reeder

Sent from my iPhone