The Institute for Economic Democracy
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Posted 3 years ago (Monday, January 19th, 2009 at 3:35 am) by jwsmith
A short summary on causes of poverty and how society can restructure to full and equal rights for each citizen during this global financial crisis and reduce employed labor time and resource consumption by half without loss of quality of life.
Posted 3 years ago (Monday, January 19th, 2009 at 3:10 am) by jwsmith
The Institute for Economic Democracy and IED Press are pleased to announce newly updated revisions of two of our main books: Money: A Mirror Image of the Economy and Economic Democracy: A Grand Strategy for World Peace and Prosperity
Posted 3 years ago (Saturday, January 17th, 2009 at 12:00 pm) by jwsmith
By J.W. Smith With the world economy still imploding the U.S. Treasury Secretary Hank Paulson and Federal Reserve Chairman Ben Bernanke pulled out all stops. The Federal Funds rate was dropped essentially to zero and they declared their intention to recapitalize financial institutions through buying up their worthless debt, taking an ownership position through buying [...]
Posted 3 years ago (Monday, January 12th, 2009 at 6:22 pm) by admin
Earth Rights Institute’s Co-Director, Alanna Hartzok, Receives Book Award for
The Earth Belongs to Everyone.
Read the full post titled, “Alanna Hartzok, Receives Book Award for The Earth Belongs to Everyone”
Posted 3 years, 3 months ago (Sunday, October 12th, 2008 at 11:59 am) by jwsmith
By J.W. Smith Steve Kroft in Sixty Minutes did a great job describing what credit default swaps were and how they were bringing down the biggest banking houses in the nation. As explained in the above video, credit default swaps are nothing but insurance policies given a different name so as to avoid retaining the [...]
Posted 3 years, 4 months ago (Sunday, October 5th, 2008 at 4:26 am) by nick
Of course, this is sacrilege by traditional economic theory, and these schools, and their wealthy sponsors will publish hundreds of thousands of pages calling it fiscal irresponsibility, and voodoo accounting, and decree money, and they will produce historical precedents to show this is the beginning of mad hyperinflation.
Read the full post titled, “Reviving Main Street-A Bailout we can use”
Posted 3 years, 4 months ago (Sunday, October 5th, 2008 at 4:12 am) by nick
It is absurd that that the only way to add liquidity to the economic system can only be done through borrowing from the financial community, and when all the existing assets are already monetized, and “there is no more new money,” further monetization (additional liquidity) can only be done through government borrowing.
Read the full post titled, “A Bailout we Don’t Need-New Paradigms”
Posted 3 years, 4 months ago (Monday, September 22nd, 2008 at 4:19 am) by jwsmith
Professor Michael Rivage-Seul Funny how gambling terms routinely pop us in discussions of globalized economics. Here I’m not just talking about desperate absurdities like state-sponsored lotteries to finance public education of all things. It’s about the “casino economy” itself, where international “players,” “stakeholders,” and “high rollers” “win” and “lose” fortunes by betting on the market’s [...]
Read the full post titled, “A New New Deal: Bailing Out the Real Economy Instead of Wall Street”
Posted 3 years, 5 months ago (Tuesday, August 12th, 2008 at 2:58 pm) by jwsmith
Russia’s defense of Slavic people of South Ossetia when Georgia, under America’s tutelage, attacked that break-a-way province is being portrayed by many as Russian aggression.
Posted 3 years, 5 months ago (Sunday, August 10th, 2008 at 12:59 pm) by jwsmith
by J.W. Smith We would like to hear from those who can expand upon these perceptions. Early corporations burned all the spice trees they could not control so as to maintain the high price of spices. Modern corporations controlled America’s foreign policy, Destroying the farming industry of poor countries through selling highly-subsidized, thus low-priced, grains [...]
