StickWithANose

Here’s a look back at an important [and largely forgotten] bit of economic theory and research before the dismal science began its long descent into its econometric nightmare. Karl Polanyi’s work remains eerily relevant:
The idea of self-regulating markets is utopian, and like all utopias extremely brutal if tried to be realized.
N’uff said. This is a [...]

Within the much heralded stimulus bill passed this year, Obama’s basketball buddy [aka. Secretary of Education] Arne Duncan was given what is, in effect, $5 billion dollars in bribe money to advance the corporate take-over of public schooling. The idea is that states willing to expand the number of charter schools are rewarded with “stimulus [...]