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301 [lbo-talk] Marvin Miller -- rank: 1000

On Nov 28, 2012, at 12:54 AM, Dennis Claxton <ddclaxton at earthlink.net> wrote: > A couple of quotes from Marvin Miller on Bart Giamatti that lbotalkers might like. Giamatti was prez of Yale and Commissioner of Major League Baseball. Miller was the most dynamic and successful U.S. labor leader in the last 60 years. He died today at 95. > > ``Giamatti, I don`t have to tell you, he comes from about the only institution in the country as right wing and arrogant as the baseball ow ...

Document Size:	5992
Author:	Doug Henwood
Date:	Wed Nov 28 05:41:56 PST 2012

302 [lbo-talk] Technological Change in Media -- rank: 1000

On Nov 27, 2012, at 12:23 PM, Ismail Lagardien <ilagardien at yahoo.com> wrote: > Scorsese's editor for the past 40 years and a three-time Oscar winner, called Grover Crisp, the senior VP of asset management at Sony, for a 35mm print Senior VP of asset management. Yikes.

Document Size:	4905
Author:	Doug Henwood
Date:	Tue Nov 27 09:32:56 PST 2012

303 [lbo-talk] on Doug's latest show, Galbraith -- rank: 1000

On Nov 26, 2012, at 10:00 AM, Shane Mage <shmage at pipeline.com> wrote: > He rejects them because they are derived from contradictory premises about economic and expenditure growth. Therefore invalid by definition, ie., "no way." The CBO is nothing but bipartisan bullshit, always has been always will be. "No way" and "bipartisan bullshit" - now those are seriously rigorous responses!

Document Size:	5092
Author:	Doug Henwood
Date:	Mon Nov 26 07:09:17 PST 2012

304 [lbo-talk] on Doug's latest show, Galbraith -- rank: 1000

On Nov 25, 2012, at 4:49 PM, "Jordan Hayes" <jmhayes at j-o-r-d-a-n.com> wrote: > If you reject history and economics, you answer: the deficit must be solved today. I've said the opposite about five times today, so I won't again.

Document Size:	4912
Author:	Doug Henwood
Date:	Sun Nov 25 14:30:55 PST 2012

305 [lbo-talk] on Doug's latest show, Galbraith -- rank: 1000

On Nov 25, 2012, at 2:54 PM, Jordan Hayes <jmhayes at j-o-r-d-a-n.com> wrote: > Maybe he was sanguine about it because there's zero chance that we'll have "indefinite 5%-of-GDP deficits" and because no one is suggesting we will? The CBO is, more or less. Galbraith rejects the projections because, basically, "no way." But that's not really an argument. So what's going to give? It's certainly not urgent and not unmanageable but something does have to give. Doug

Document Size:	5160
Author:	Doug Henwood
Date:	Sun Nov 25 13:44:54 PST 2012

306 [lbo-talk] on Doug's latest show, Galbraith -- rank: 1000

On Nov 25, 2012, at 10:15 AM, Jordan Hayes <jmhayes at j-o-r-d-a-n.com> wrote: > In the mean time, all the dire predictions about higher interest rates (which have instead plummeted!) and hyper-inflation (as opposed to hitting historic lows!) is ahistoric and anti-intellectual. I'm surprised to see you take that view; are you also buying rations and ammo? It's too late to buy gold. I do not take this view. I think the Fed has been doing pretty much the right thing since the crisis bro ...

Document Size:	5400
Author:	Doug Henwood
Date:	Sun Nov 25 10:51:13 PST 2012

307 [lbo-talk] on Doug's latest show, Galbraith -- rank: 1000

On Nov 25, 2012, at 8:57 AM, "Jordan Hayes" <jmhayes at j-o-r-d-a-n.com> wrote: > Nathan, in response to Doug, writes: > >>>> "The Fed could print the money if it wanted to, but >>>> at some point it'd end up like a Latin American country >>>> in the 1970s with a 1,000% inflation rate. We're nowhere >>>> near that now, of course, but you can't do that shit forever. >> >> This is a misleading presentation of Fe ...

Document Size:	5801
Author:	Doug Henwood
Date:	Sun Nov 25 06:53:28 PST 2012

308 [lbo-talk] on Doug's latest show, Galbraith -- rank: 1000

On Nov 24, 2012, at 10:14 PM, Shane Mage <shmage at pipeline.com> wrote: >> No he's not talking about that at all. The passage from Marx is about short-term cyclical stuff, not structural deficits of close to 10% of GDP. This is MMT la-la land, where you can just print money without bad consequences. The U.S. government is running a deficit of something like $1 trillion a year. This will shrink as the economy recovers, assuming it does, but it's still facing years of vast deficits. T ...

Document Size:	6114
Author:	Doug Henwood
Date:	Sat Nov 24 19:26:39 PST 2012

309 [lbo-talk] on Doug's latest show, Galbraith -- rank: 1000

On Nov 24, 2012, at 3:52 PM, nathan tankus <somekindofheterodox at gmail.com> wrote: > okay I just listened to that section. guys, he's talking about basic > reserve accounting. I'm surprised I have to explain that here. > People need to read volume three of capital more carefully: No he's not talking about that at all. The passage from Marx is about short-term cyclical stuff, not structural deficits of close to 10% of GDP. This is MMT la-la land, where you can just print money wi ...

Document Size:	5742
Author:	Doug Henwood
Date:	Sat Nov 24 17:24:51 PST 2012

310 [lbo-talk] on Doug's latest show, Galbraith -- rank: 1000

On Nov 24, 2012, at 12:17 PM, Tony Rolfe <mr.tony.rolfe at gmail.com> wrote: > Doug was clear that he doesn't agree with Galbraith on US debt > politics, but I was startled at their shared sentiment that banks are > happy to lend to the US for 2% over 10 years. > > Banks and insitutions buy debt that they can trade. They don't make > any agreement to hold that debt for 10 years without selling. If a > crisis emerged in a few years, and a US credit event is forecast i ...

Document Size:	6108
Author:	Doug Henwood
Date:	Sat Nov 24 09:42:29 PST 2012

311 [lbo-talk] Journal Articles -- rank: 1000

On Nov 23, 2012, at 9:09 AM, Ismail Lagardien <ilagardien at yahoo.com> wrote: > Journal: Studies in Travel Writing Volume 16, Issue 4, 2012 > > 1. Introduction: on the road in Anatolia, and beyond By Donna Landry & Gerald MacLean Usual sources don't get that journal, but Donna and Gerald (aka Mac) were some of my best friends from grad school days! Doug

Document Size:	4902
Author:	Doug Henwood
Date:	Fri Nov 23 07:07:08 PST 2012

312 [lbo-talk] The phenomenology of Israeli occupation -- rank: 1000

On Nov 21, 2012, at 2:09 PM, 123hop at comcast.net wrote: > Exceptional interview. Worth the time: 25 minutes. > > https://www.facebook.com/home.php?ref=hpskip that just takes you to the FB front page

Document Size:	5011
Author:	Doug Henwood
Date:	Wed Nov 21 11:42:29 PST 2012

313 [lbo-talk] How to fix the U.S. economy -- rank: 1000

On Nov 15, 2012, at 11:21 AM, "Carrol Cox" <cbcox at ilstu.edu> wrote: > Doug Henwood >> >> Actually an awful lot of capitalists and their hired pundits would > disagree. > > Probably an awful lot of people, capitalists or other wise, would disagree > with almost anything anyone said. > > Disagreements are rife as it were. > > I do recall, perhaps from a fwd on this list, that Goldman Sachs was > unhappy. So you're conceding that your ea ...

Document Size:	5365
Author:	Doug Henwood
Date:	Thu Nov 15 08:32:41 PST 2012

314 [lbo-talk] How to fix the U.S. economy -- rank: 1000

On Nov 15, 2012, at 9:59 AM, "Carrol Cox" <cbcox at ilstu.edu> wrote: > The U.S. economy doesn't need fixing. It is doing exactly what a capitalist > economy is supposed to work. Actually an awful lot of capitalists and their hired pundits would disagree. Doug

Document Size:	4914
Author:	Doug Henwood
Date:	Thu Nov 15 07:33:05 PST 2012

315 [lbo-talk] Rolling Jubilee -- rank: 1000

On Nov 9, 2012, at 11:00 AM, "Jordan Hayes" <jmhayes at j-o-r-d-a-n.com> wrote: > It's kind of an odd idea, and their website doesn't provide much in the way of detail. I mean, if you can raise significant money, there's so many other interesting things you could do with it. I've been talking to these folks for months, saying that while this might be a good PR scheme, it will have minimal actual impact. What other interesting things would you recommend? Doug

Document Size:	4981
Author:	Doug Henwood
Date:	Fri Nov 9 08:09:03 PST 2012