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Archive for August, 2011

World of Class Warfare

What to do when Jon Stewart is the most interesting economic analyst on cable news? See Warren Buffet vs. Wealthy Conservatives and The Poor’s Free Ride is Over

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I don’t think we have posted this one yet [ht:jm]: But actually it is quite well done and fairly witty. And it gets to some important points about inflation that have been discussed by others: there are winners and losers. That is, economic actors are affected differently depending on their position in the economic system.

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The arc of history

Drew Weston wrote a wonderful piece in The New York Times about “What Happened to Obama’s Passion?” [ht:ck]. Given how much we have written on this blog about economic justice and human dignity in the economy, I thought the final paragraph of the article would be particularly appropriate to post: But the arc of history does [...]

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Conspicuous consumption plays an important role, even in our flailing economy. See the NYTimes, “Even Marked Up, Luxury Goods Fly Off Shelves”: Nordstrom has a waiting list for a Chanel sequined tweed coat with a $9,010 price. Neiman Marcus has sold out in almost every size of Christian Louboutin “Bianca” platform pumps, at $775 a [...]

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