florencebudapest:

i just watched ‘Capitalism: A Love Story’, by Michael Moore, and i cried more than i did for any other sad ‘titanic’/fictional movie. i fucking swear my heart is just broken knowing the kind of society we live in and what it’s putting people through, it’s evil and it’s…

Oh dear.

This person is going to be the next big-time shooter. I can feel it in my filthy economics major bones.

(Source: virginnigerianbodywave, via andrewfriedle-deactivated201301)

Although the Europeans, Japanese, and Americans have pushed interest rates to 0%, Asian countries have not. 
China still holds a firm 6%, while India, China, and Russia all hold about 8%. 
I would be interested in seeing what their growth rates would be like if they introduced some heavy monetary stimulus. I don’t mean to imply that their growth rates aren’t already high, but I wonder if it would have much of an effect on the world economy.
Either way, I believe the U.S. is in for a fun little surprise once we realize that Mitt Romney’s tax returns don’t matter as much as the financial crisis ahead of us if the Eurozone goes to shit.

Although the Europeans, Japanese, and Americans have pushed interest rates to 0%, Asian countries have not. 

China still holds a firm 6%, while India, China, and Russia all hold about 8%. 

I would be interested in seeing what their growth rates would be like if they introduced some heavy monetary stimulus. I don’t mean to imply that their growth rates aren’t already high, but I wonder if it would have much of an effect on the world economy.

Either way, I believe the U.S. is in for a fun little surprise once we realize that Mitt Romney’s tax returns don’t matter as much as the financial crisis ahead of us if the Eurozone goes to shit.

Homeless people make me sad.
They make me sad because if we spent the some public money trying to get these people off the streets and into prideful jobs, our cities would be a less gloomy place. There’s nothing wrong with letting the government help them out since we would give them change on the streets anyway, and that can be considered - collectively - public money.
They make me sad because they represent the lost potential in our economy and society.
They make me sad because they represent survival and not prosperity. 
They make me sad because we’re not supposed to be like them, and they desperately want to be like us. 
I am not homeless or poor, and I live a comfortable life.
I know this guy on the streets of Glendale, California whose name is Goldfish, or so he says. I got him some lunch a few years back and he gave me a horrible argument of how California is a communist state and how the president can do whatever he wants. He was also trying to sell off a book as his own writing, although it clearly wasn’t. He told me stories of how he was a billionaire in Cuba at one time and how he won’t get a job because he can never feel comfortable about the idea of having a boss. He told me about how he has an apartment somewhere, so technically he wasn’t homeless…. but then again considering the blatant lies he told me already, I wasn’t sure what to believe anymore. Either way, he’s still in Glendale and if you walk along Brand street, you can find him sitting near the Brand Bookshop. He wears some beige work boots, jeans, a white t-shirt or some other unbuttoned collared shirt, and he’s black. Hard to miss. 
With that story, I wanted to say that this guy was pretty nice. I feel like he offered me entertainment for food.
Poor people don’t bite, unless they have food in their hands.
Poor people don’t always have opportunities tossed in their faces.
The next time you see a politician asking for some more public funding to help the actually needy and poor people of America, please don’t try to convince yourself that trickle down economics works.
Please don’t try and convince yourself that the rich need to be taxed less in order to save the middle class.
Please don’t convince yourself that the Laffer curve works with government taxation with our current growth rate. 
JUST GIVE THE GUY SOME CHANGE DAMMIT is all I’m trying to say.

Homeless people make me sad.

They make me sad because if we spent the some public money trying to get these people off the streets and into prideful jobs, our cities would be a less gloomy place. There’s nothing wrong with letting the government help them out since we would give them change on the streets anyway, and that can be considered - collectively - public money.

They make me sad because they represent the lost potential in our economy and society.

They make me sad because they represent survival and not prosperity. 

They make me sad because we’re not supposed to be like them, and they desperately want to be like us. 

I am not homeless or poor, and I live a comfortable life.

I know this guy on the streets of Glendale, California whose name is Goldfish, or so he says. I got him some lunch a few years back and he gave me a horrible argument of how California is a communist state and how the president can do whatever he wants. He was also trying to sell off a book as his own writing, although it clearly wasn’t. He told me stories of how he was a billionaire in Cuba at one time and how he won’t get a job because he can never feel comfortable about the idea of having a boss. He told me about how he has an apartment somewhere, so technically he wasn’t homeless…. but then again considering the blatant lies he told me already, I wasn’t sure what to believe anymore. Either way, he’s still in Glendale and if you walk along Brand street, you can find him sitting near the Brand Bookshop. He wears some beige work boots, jeans, a white t-shirt or some other unbuttoned collared shirt, and he’s black. Hard to miss. 

With that story, I wanted to say that this guy was pretty nice. I feel like he offered me entertainment for food.

Poor people don’t bite, unless they have food in their hands.

Poor people don’t always have opportunities tossed in their faces.

The next time you see a politician asking for some more public funding to help the actually needy and poor people of America, please don’t try to convince yourself that trickle down economics works.

Please don’t try and convince yourself that the rich need to be taxed less in order to save the middle class.

Please don’t convince yourself that the Laffer curve works with government taxation with our current growth rate. 

JUST GIVE THE GUY SOME CHANGE DAMMIT is all I’m trying to say.

I have recently decided to put more images in my posts because I figure that people are more attracted to pretty pictures than good text on Tumblr. So here you go, a pretty picture to go along with the real post.
Although Barclays is in the picture, I am not directly addressing that bank when I say that executives are overpaid and the rules of supply and demand don’t work for CEOs. 
I was reading the Economist recently and an article with a similar subject came into mind and struck up some memories of arguments with regards to other companies and their CEOs… 
If a large company like General Electric were to find itself in a position where it needs a new CEO, it would normally end up paying the new executive several millions of dollars for an annual salary. Why? Their argument is something like this…
"IF WE DON’T PAY THESE PEOPLE MILLIONS OF DOLLARS EVERY YEAR, THEY MIGHT WANT TO GO WORK FOR OTHER COMPANIES THAT WILL PAY MORE THAN US."
*laughing in the background*
Really huh? There is NOBODY in America who is well educated enough to run a company that is willing to work for less than 3 million dollars? I don’t think this is the truth and I honestly cannot believe that these executives are worth the money that they are paid considering how often we have seen major financial screw ups within the past decade.
It’s either greed or stupidity or both.

I have recently decided to put more images in my posts because I figure that people are more attracted to pretty pictures than good text on Tumblr. So here you go, a pretty picture to go along with the real post.

Although Barclays is in the picture, I am not directly addressing that bank when I say that executives are overpaid and the rules of supply and demand don’t work for CEOs. 

I was reading the Economist recently and an article with a similar subject came into mind and struck up some memories of arguments with regards to other companies and their CEOs… 

If a large company like General Electric were to find itself in a position where it needs a new CEO, it would normally end up paying the new executive several millions of dollars for an annual salary. Why? Their argument is something like this…

"IF WE DON’T PAY THESE PEOPLE MILLIONS OF DOLLARS EVERY YEAR, THEY MIGHT WANT TO GO WORK FOR OTHER COMPANIES THAT WILL PAY MORE THAN US."

*laughing in the background*

Really huh? There is NOBODY in America who is well educated enough to run a company that is willing to work for less than 3 million dollars? I don’t think this is the truth and I honestly cannot believe that these executives are worth the money that they are paid considering how often we have seen major financial screw ups within the past decade.

It’s either greed or stupidity or both.