Tag Archives: adam smith

The Problem of Profit: Circulatory metaphor stated

The circulatory system is basically an efficient closed system that becomes open when wounded, sometimes losing blood at a rate faster than it can replace the loss. These situations can prove fatal, and this is exactly the situation of the American economy. Continue reading

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Filed under Criticism, Humanistic

Everybody Panic! Six reasons to read "The Economy Is Even Worse Than You Think"

A steady erosion of confidence in the stimulus bill is occuring because the happy-happy joy-joy news is vastly at odds with what is occurring in the United States, and it’s only a matter of time before people will see that. I wouldn’t put it past you political types to have foreseen that the charade was wearing thin, making your aggressive coming-clean with the American people a political ploy so that the WSJ could be the first mainstream media to report of monkies throwing feces. Well, congratulations, I guess. Continue reading

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Filed under Criticism, Journalism