Understanding Economics is Important for Meaningful and Lasting Change

Here is a recording and written summary of a podcast interview on MMT, budget deficit myths, and a number of economic topics with economist Stephanie Kelton who used to be a chief economist on the US Senate Budget Committee and was an economic adviser to the Bernie 2016 presidential campaign:

First, the iTunes link for those who can use podcast technology (say during a long commute). It’s 1:52 hours long!

It’s also available as a Youtube audio:

(Note: if the video linked above gets deleted, you may search the Internet for the title: “Left Out: [FULL EPISODE] Stephanie Kelton on MMT and debunking budget deficit myths”)

 

Summary #1 (with a little added spice from me, of course):  

Continue reading “Understanding Economics is Important for Meaningful and Lasting Change”

Video Weekend 11-04-2017 (7 + 1 Videos)

This weekend’s mix of enlightening videos, starring Jimmy Dore, Chris Hedges, and David Graeber, focuses primarily on two topics: government (despotism vs democracy) and the economy:

Note: Somehow the announcement of this posting failed to go out yesterday. I have therefore just added one very entertaining video at the end here instead of making a new post out of it. It’s big fun! Skip to it if you watched the others yesterday.

 

I. “Democratic” Party Reform not Working (Jimmy Dore):

(Note: if the video linked above gets deleted, you may search the Internet for the title: “Tulsi Gabbard Rips The DNC – Demands Change”)

Maybe Tulsi should dress in her uniform when she gives speeches. (and also stop being so polite)

 

II. The hill of the shining beacon has caved in (Jimmy Dore):

(Note: if the video linked above gets deleted, you may search the Internet for the title: “CIA Whistleblower Reveals CIA Still Torturing – Here’s How“)

 

III. The Silencing of Truth, Justice, and The People (Chris Hedges):

(Note: if the video linked above gets deleted, you may search the Internet for the title: “On Contact: The Silencing of the Left with Robert Scheer”)

The thing to realize for a lot of folks who have been raised to hate the “left” and self-identify as the “right” is that when you are against billionaire money in politics and for the needs and wishes of the people, you are actually “left” by the standard definition. The establishment has played a trick on you reversing the definitions of political labels, turning them on their heads, so that we, the people, fight each other over self identification, hating the other group for being our opposite when, for the most part, they are actually the same. So, if we can’t agree on the meanings of these labels, let’s drop them – they are only words, after all – and unite around the actual issues on which most of us agree, like a fair economy and functioning democracy where we all can have a good living and a voice in our public affairs.

Quote: “Everybody out there has a story of abuse.” So… maybe we should all become more willing to accept the grievances of others and commit to help one another?

 

IV. Ideal vs real vs underestimated economic inequality (in case I haven’t shared this before):

(Note: if the video linked above gets deleted, you may search the Internet for the title: “The collapse of the american dream – This will scare you”)

 

V. Money is not our limit (David Graeber):

(Note: if the video linked above gets deleted, you may search the Internet for the title: “David Graeber: debt and what the government doesn’t want you to know | Comment is Free”)

 

VI. When the rich make the tax rules to their benefit, it creates gross inequality:

(Note: if the video linked above gets deleted, you may search the Internet for the title: “Were Not Broke – The Corporate Tax Cheats of America”)

 

VII. A final word of reason — Voter’s Leverage — This is how democracy works:

(Note: if the video linked above gets deleted, you may search the Internet for the title: “Democratic Civil War! A Struggle We Must Win“)

 

VIII. HEHEHE:

Jimmy Dore at his finest as a comedian, giving us an ironic parody of disgusting MSM behavior:

(Note: if the video linked above gets deleted, you may search the Internet for the title: “Thank You, Hillary! Our Response To The Tonight Show’s Hillary Love Fest”)

~

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Video Weekend 9-02-2017 (7 Videos, 2 by Jimmy Dore)

No need, this weekend, to slump and sink into the corporate media’s dementing morass. Here are six enlightening videos about our man-made nightmare world and ways to fix it. And to finish on a high note, number seven is a recording of some simple, harmless fun for a change. I hope you won’t mind. It reminds me of younger, more innocent times in my life, or the kind of life we could live if we didn’t have to struggle for survival so much in a world where natural scarcity has been overcome and replaced with man-made poverty, exclusion, and despair.

 

I. A Living Minimum Wage

Quite possible. Simply a policy choice:

(Note: if the video linked above gets deleted, you may search the Internet for the title: “Australian McDonalds Workers Paid Like No Worker In America Ever Has”)

This video nicely echoes things I keep saying: Low-pay economic stress drives a lot of negative behavior. There are a lot of selfish reasons to want your fellow Americans to do well. You can do things for other people out of self interest.

Quote: “So many Americans have been bamboozled by the billionaires.”

 

II. Patronage instead of Democracy

The big business of raking in and skimming off political donations:

(Note: if the video linked above gets deleted, you may search the Internet for the title: “DNC Having Trouble Fundraising—Nomiki Explains”)

 

III. Kick the Liars

An Example of Not Letting Lying Excuses Pass:

(Note: if the video linked above gets deleted, you may search the Internet for the title: “Campaign to Recall Californian Democrat that Blocked Single-Payer Underway”)

Let’s hope the recall works, and every other recall and ousting we must relentlessly attempt until we whittle the corrupt political establishment down.

 

IV. The GOP’s Christian Right

Ever wondered about the Christian Right which played such a big role in the GOP even as the GOP was hurting American workers, steamrollering over our Constitution, spreading war in the Middle East, abducting and torturing people, trying to dismantle Social Security and so on? Certain money barons in the GOP certainly partnered up with “Christian” leaders and took advantage of a unifying force which would let them betray the people to the corporations and billionaire class with impunity while their party base and voters were distracted over ancient Biblical bullying mandates and their modern resurrection, just like neoliberals in the “Democratic” Party were distracting us with minority protection issues (which, while valid, still distract us from the higher priorities — and which were going hand-in-hand with the GOP’s Christian Right trickery, by the way, like both parties were harmoniously working together for our robber billionaires — gee, were they?)? Well here is an interesting video talk about the other end of the equation:

(Note: if the video linked above gets deleted, you may search the Internet for the title: “Ex-Producer Reveals the truth about Pat Robertson”)

 

V. Grass Roots VS King Money

Ways for regular folks to deflate the iron rule of Money:

(Note: if the video linked above gets deleted, you may search the Internet for the title: “D@W-LA: Nancy Berlin of Arroyo S.E.C.O.”)

 

VI. Manufacturing Terrorism: The Taliban

People rarely turn to extremism without reason or a little help:

(Note: if the video linked above gets deleted, you may search the Internet for the title: “Fact: Taliban Has Surrendered Multiple Times – US Rebuffed Them”)

 

VII. Some Harmless Fun to Finish With

Since I serve up so much depressing or exhausting news, how about a little, harmless snippet of fun to finish with for a change (and show us what a happy future world could look like):

(Note: if the video linked above gets deleted, you may search the Internet for the title: “The Funniest Table Tennis Match in HISTORY”)

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The Dark Side of Money – Part 2: Salient Quotes

If, like me, you were impressed by the quotes in the revealing video Money as Debt which I showcased in part one of The Dark Side of Money – and you would like them in writing for future reference – here are the most powerful ones I wrote down:

Our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess. ~ Irving Fisher, economist & author

Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist. ~ Kenneth Boulding, economist

Making money from simply having money is the act of a parasite, it is theft. (slightly rephrased)
Continue reading “The Dark Side of Money – Part 2: Salient Quotes”