Browsing PBH By Images

The Price of Encouraging Political Violence

The comparisons to much of the rhetoric and language used by the McCain campaign frighteningly contain many of the same sentiments of the above leaflet, which was handed out in Dallas, Texas the day of John F. Kennedy’s assassination. Indeed, words and phrases like “anti-American”, “anti-Christian”, and “treasonous” are more of a call to arms than a call to the ballot box. With this in mind, we should all be cautious of what the Republicans are aiming for in their attacks on Barack Obama.

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The Washington Consensus: Bailout The Rich

See Also: What benefits do the taxpayers get out of the bailout bill?, No investigation of those who caused fake ‘crisis’, 7 Out Of 9 Banks Agree: Bailout Is A Failout, AIG Execs Caught Wasting Even More Of Our Money After Bailout, JPMorgan Responsible for the Destruction of U.S. Financial System, Bailout my ass!, Even After the Bailout, Bank Stocks are a Bad Deal for Investors Right Now, A Chicken Bailout in Every Pot, Hank Paulson’s Desperate Measures to Save His Friends on Wall Street, Spread The Wealth, and Help voters understand what just happened.

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Abstinence Only Education

It looks like Jamie Lynn Spears and Bristol Palin took the same class in high school.

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America’s Corporate Board Room

See Also: Bush Nationalizes Biggest U.S. Banks, The Bailout and the Smell Test, Demonize the Nationalize, How to save banks and start trade wars, A $250 Billion Dollar Investment, All your banks are belong to us, Long Overdue Capital Injection, and What Was That About Kool-Aid?

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The Modern Day Bailout

In case you are wondering, the avatar for Progressive Economics is John Kenneth Galbraith. Two of his books are especially relevant considering recent financial turmoil: The Great Crash, 1929 describes the famous Wall Street melt down of stock prices and how markets progressively become decoupled from reality in a speculative boom. The book is also a platform for Galbraith’s insights into human behaviour when wealth is threatened. And in A Short History of Financial Euphoria, he traces financial bubbles through several centuries, and cautions that what currently seems to be “the next great thing” may not be that great and may have quite irrational factors promoting it. In this book, Galbraith claims that a common factor in financial bubbles is easy access to borrowed money for speculation.

As a product of the School of Oriental and African Studies in London and the University of Virginia, I will add my weight to the dialogue on progressive economics. Galbraith, as someone who understood economics not as a rigid field of models and equations but as a complex product of cultural and political milieu, serves as the gold standard of political economy analysis. In his mold, I will be taking a more comprehensive approach to economics by including socio-political factors as well as traditional economic analysis.

This will be where future posts on economics, especially economic development and globalization, will be located. A handful of previous posts under International Relations would have ideally been posted under Progressive Economics, specifically the most recent post on Property Rights As Growth Strategy.

See Also: Bailout Brackets, It’s all about the benjamins, Real Estate and Inequality, The financial crisis explained… by the Brits, How’s that for fundementals of our economy?, Hopefully, This Is Just The Beginning, Nick Rowe: What Caused the Financial Crisis?, Barry Ritholtz: What Caused the Financial Crisis?, Bubble Goes Pop, Street Cred during the Financial Crisis, and For Most Cities, Recession Has Arrived.

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