Third Annual Noble Prize In Eco-nomics (October 8, 2018)

Posted in Awards / Incentives, Economics, Economics Nobel, Nobel Prize, Noble Prize, Noble Prize in Eco-nomics on October 8, 2018 by e-commentary.org

. . .

K          “An award dedicated to acknowledging and celebrating the work of someone on the planet who really knows something about eco-nomics.  Eco-nomics is about making and sharing; e-con-omics is about taking and stealing.”

J          “The Noble Prize in Eco-nomics is a delightful and playful replacement for the discredited and misnamed ‘Nobel’ Prize in Voodoo E-con-omics.  And I get it.  You get what you reward.  You need to reward what you want to get.  Who gets it this year?”

K          “The recipient of the third annual Noble Prize In Eco-nomics is . . . Ellen H. Brown who writes and speaks about money and banking and the need for public banks, authored the books Web of Debt and The Public Bank Solution and still develops the “Web of Debt Blog”.  Her considerable corpus of work is undergirded by the conviction that eco-nomics should be concerned with pursuing the public good not just producing goods.”

. . .

J          “The ‘Nobel’ Prize in Voodoo E-con-omics is given by the Swedish Central Bank to someone who advances the interests of the central bankers or at least does not threaten them.  Ellen Brown is number ‘n’ on the central bankers’ list of possible recipients.” 

K          “And Bill Black is number ‘n – 1’ on the central bankers’ list of possible recipients.”  

. . .

K          “The Committee also examined and considered the pioneering work of Professors Mark Skidmore and Laurence  J. Kotlikoff who have contributed immensely and without enough credit to tracking and analyzing federal expenditures that are not on the books or part of the public discussion.”

. . .

[See the “Intergenerational Financial Obligations Reform Act” (INFORM Act), “Has Our Government Spent $21 Trillion Of Our Money Without Telling Us?” in “Forbes” by Laurence Kotlikoff and Mark Skidmore dated December 8, 2017 and “Heretics welcome!  Economics needs a new Reformation” in “The Guardian” by Larry Elliott dated December 17, 2017.]

[See the e-commentary at “Second Annual Noble Prize In Eco-nomics (October 9, 2017)”, “First Annual Noble Prize In Eco-nomics (October 10, 2016)”, “Announcing The First Annual Noble Prize In Eco-nomics (May 2, 2016)”, “Award Deadlines (Livelines?) (July 25, 2016)”, “From e-con-omics to eco-nomics? (August 1, 2011)”, and “Skip the Nobel in Economics (October 6, 2009)”.]

Bumper stickers of the week:

The life cycle of American business:  Engineers build, salespersons sell, hedge funders loot

When what is known as “e-con-omics” transitioned to “behavioral economics,” the undertaking should have been moved from the department of religion to the department of psychology.  The undisciplined discipline does not require its own department.

Boycott banks; support credit unions

The Illegitimate Institution Unpacks After “Beach Week”:  Time To Start Packin’ The Court (October 1, 2018)

Posted in Courage, Courts, Supreme Court on October 1, 2018 by e-commentary.org

. . .

K          “There is a cancer in the current Court.”

J          “The current Court is the cancer.”

. . .

K          “I do believe Dr. Blasey Ford.  I do not believe Brett Kavanaugh.”

J          “I do not believe Brett Kavanaugh.  I do believe Dr. Blasey Ford.”

. . .

K          “Thomas has confirmed the claims of those who claimed that he is unqualified.  He doubled down on the incompetence out of spite.”

J          “Gorsuch is occupying the ‘Stolen Seat’ without any reservation or compunction.”

K          “And the ‘American Psycho’ is set to assume the third illegitimate seat.”

. . .

K          “Why not?  The argument is that if you do it, they will do it.”

J          “So be it.  Something must be done.  Do it.  Pack it.”

. . .

K          “Only a few Americans realize that the appointments are not for life, they are ‘during good behaviour.’  They are behaving badly.  They need to go.  The Democrats need to present a coherent vision and future and then start impeachment hearings against the illegitimate Justices.”

J          “But the Democrats are weak, effete, feckless and craven.”

. . .

J          “Kavanaugh is ethically obligated to recuse himself from any case involving the Democratic Party, the ACLU, any left wing group broadly defined, voting cases, partisan gerrymandering cases, claims involving Presidential immunity and authority, the Environmental Protection Agency and global climate change, immigration, and other issues.”

K          “Or Roberts must preclude him from participating and deciding.  Someone needs to keep track of any cases in which he participates and later when the forces of light are in control to issue an omnibus order holding all of the holdings void ab initio.”

J          “Each failure to recuse himself is a separate impeachable offense.”

. . .

J          “He observed that if you gave some credence to packing the Court, you would not get into Yale.”

K          “That’s the heart of the problem.  That’s the game in America.  Kavanaugh was angry and frustrated that the ordinary people did not understand that because he got into Yale, all his sins and transgressions were forgiven.”

J          “Secular redemption in today’s America.  Perhaps part of a comprehensive solution is to close Yale and to close Harvard, convert the dorms into low income housing and use the funds to create a great educational institution open to individuals with intellect and integrity and the oft-forgotten . . . character.”

J          “And closed to those who do not have character.”

. . .

K          “Any chance that the Senate will do right?”

J          “Not.  A.  Chance.”

. . .

[See the e-commentary at “Is Kavanaugh Qualified? (July 30, 2018)”, “KavaNaugh(t): Naught.  Oh, and Happy Women’s Equality Day! (August 27, 2018)” and the e-commentary under the Categories “First Monday In October” and the “Supreme Court”.]

Bumper stickers of the week: 

Kavanaugh Calendar:  June 5, 1982:  “Achievment Tests”

B     E     A     C     H          W     E     E     K

Five Red Robes Trump Four Blue Robes

My child is a courageous law professor

The Truth has no statute of limitations

My daughter is a courageous Alaska lawyer

“What goes around, comes around”  Brett Kavanaugh

Partisan Gerrymandering:  From Ballots To Bullets?  Oh, And Happy National Voter Registration Day! (September 24, 2018) 

Posted in Partisan Gerrymandering, Politics, Supreme Court, Voting on September 24, 2018 by e-commentary.org

. . .

K          “‘Don’t bother me,’ opined the Chief (Justice) to the Indians.  ‘I closed the doors to the Supreme Court.  If you want to change polity, you must resort to bullets not ballots.  My Supreme Court is in business to help big business, it is not in business to help little people,’ proclaimed the Chief.  ‘The game is gamed.  The franchise is foreclosed.  The ballot box is buttoned up.  Go away.  Go home.’”

J          “He does not get it.  ‘In order for nonviolence to work, your opponent must have a conscience,’ observed Stokely Carmichael.  We have a problem.  And he gets it.”

K          “A (Supreme) Court without a conscience.”

J          “In a Country without a conscience.”

. . .

K          “If Roberts and gang do not want to protect the public against partisan gerrymandering, they should resign and let someone else do the job.”

J          “They like the money.  They like the power.  They like to impose their will.”

. . .

K          “I vote for the ballot.”

J          “I second the vote.”

K          “Now we need to get the Chief to focus on protecting the ballot rather than promoting the bullet as the means to bring about peaceful change.”

J          “He just does not get it.”

. . .

[See the e-commentary at “Sweet Senate Alabama (December 18, 2017)”.]

Bumper stickers of the week: 

Vote

“Those who make peaceful revolution [resolution] impossible will make violent revolution inevitable.”  John F. Kennedy (Ted could have polished/improved/cadenced the statement by saying “peaceful resolution” rather than “peaceful revolution”.)

Coups d’état, Bail Outs And Bail Ins:  Clio’s Diary/Chronology.  Oh, And Happy Constitution Day! (September 17, 2018)

Posted in Bailout/Bribe, Banks and Banking System on September 17, 2018 by e-commentary.org

. . .

K          “September 15 is the ten year anniversary of the Great Financial Coup d’état of 2018.”

J          “We. Just. Will. Not. Learn.”

. . .

Recent Coups d’état:

2000:  Political coup d’état – by the Republican judicial branch / Supreme Court, Inc. when it rejected the franchise / election and counting of votes by citizens, appointed Bush, Jr. as President, set in place subsequent coups d’état and cemented the dominion of the Kleptocracy to supplant a democracy.

1999 – 2008:  “Pogo” participation by the populace in the Economic coup d’état – by the ordinary people who lost their senses, judgment and perspective with considerable encouragement by the powers that be that be very powerful.  The populace invested money in companies that could not even promise blue sky, pursued returns that were inconceivable and “rented” homes they could never afford.  The people unwittingly participated in and ratified the insanity and criminality.  Blame is everywhere.

2008:  Economic coup d’état – by the Democrats and Republicans in the executive and legislative branches who cooperated in looting the public fisc for the benefit of the few / 1 % / Kleptocrats at a devastating cost to the public and in particular innocent and uninvolved future generations who must finance the at least 4.2 Trillion dollar ($4,200,000,000,000.00) giveaway.  Give or take.  Probably give another 1 Trillion dollars to the number that was given away.

2016:  Populist coup d’état – by a demagogue Republican President / executive branch buffoon and charlatan who fooled a genuinely angry, frightened and desperate public to vote for him and installed an oligarch and his oligarchy to run the Kleptocracy.

2017:  Judicial coup d’état – the Supreme Court, Inc. is now a wholly owned subsidiary of the Republican Party, Inc. occupied by Five Red Rich Republican “Catholic” Corporatist “White” Boys . . . And All By-Products Of The S.I.C.

2018:  Judicial coup d’état – the coup de grace in the making.

Recent And Projected Bail Outs And “Bail Ins”:

1998:  Banks/Wall Street bail out Long Term Capital Management

2008, September and October:  Federal Reserve bails out Banks/Wall Street.  See above.                                        

20__:  International Monetary Fund (IMF) bails out Federal Reserve; Taxpayers bail out or “bail in” the Banks/Wall Street.

20__:  God bails out the International Monetary Fund (IMF); No one bails out Taxpayers.

20__:  God files Chapter 11 Reorganization; Taxpayers file Chapter 7 Liquidation.

. . .

[See “In 2008, America Stopped Believing in the American Dream” in “New York” Magazine by Frank Rich dated August 6, 2018.]

[See the e-commentary at “Futile Efforts (September 29, 2008)”, “A Bleak Day:  The Trillion Dollar Tragedy (October 6, 2008)”, “Bailouts: Out; Bail Ins: In; Slowly Boilin’ The Frog (April 15, 2013)”, “Globalizing The Bail In (July 8, 2013)”, “‘Bail Ins’ Are Globalized; ‘Bail Outs’ Are Bailed Back In; No Bail For Bankers (December 29, 2014)”, “Punt, Pass And Kick:  The End Is Far (February 24, 2014)” and “They Can Print Money (November 2, 2015)”.]

Bumper sticker of the week:

So, help us God, so help us God.

Judges:  Conflicts Of Interest And The “Self—Interested Empathy Theory” Of Judicial Decision Making (September 10, 2018) 

Posted in Abortion, Fourth Amendment, Law, Rule of Law, Supreme Court on September 10, 2018 by e-commentary.org

. . .

K          “A judge shows all-consuming ‘empathy’ for pensions and will use all of the powers at his or her disposal at any and all costs at any and all times and in all and any ways to protect his or her pension.”

J          “So they are too ‘empathetic’ about pensions?”

K          “Exactly.  They are way, way too ‘empathetic’ and have a conflict of interest that precludes them from addressing such matters neutrally, but they address such matters first and foremost.”

. . .

K          “By contrast, judges are given nearly free health care and can flash their ‘judge badge’ if any dispute arises over coverage.  However, when a private citizen encounters a judge who has no experience with criminally intransigent health insurance companies, the judge rules for the insurance company.”

J          “And thus judges make asinine comments in court such as ‘How could the health insurance company make a mistake in coverage because it is their job to know what is covered and not covered’ and then dismiss the case and sanction the injured and uninsured party.”

K          “Indubitably.”

. . .

K          “When it comes to Fourth Amendment protection for cell phones . . . .”

J          “Justices have cell phones.”

K          “Justices have cell phones, but some of them are so cocky that they are above the law that they don’t have to stoop to relying on the mere Fourth Amendment.”

. . .

K          “How many of the Justices flirt with personal pregnancy?”

. . .

K          “The only way to engender empathy is to put the judges in the shoes of the populace or to put the populace in the robes of the judge.”

J          “The latter is more promising.”

K          “Law is too complex and too important to be left to the lawyers and the judges.”

. . .

[See the e-commentary at “Pensions, Conflicts Of Interest And The Illinois Supreme Court (June 1, 2015)”.]

Bumper sticker of the week:

There is no law, there is only ideology

Labor Day.  Oh, And Happy Labor Day! (September 3, 2018) 

Posted in Consumerism, Unions on September 3, 2018 by e-commentary.org

. . .

K          “When the day comes that laborers are eliminated, will they still celebrate Labor Day?”

J          “They cannot not celebrate it.  Without Labor Day, there are no Labor Day Sales to sell stuff to those who labor.”

. . .

[See the e-commentary at “What Use [Are] People?  Oh, And Happy Father’s Day! (June 18, 2018)”.]

Bumper sticker of the week: 

Unions – The folks who brought you the weekend

KavaNaugh(t): Naught.  We can do better. Oh, And Happy Women’s Equality Day! (August 27, 2018)

Posted in Supreme Court on August 27, 2018 by e-commentary.org

. . .

August 21, 2018

Senator LisA MurKowski

522 Hart Senate Office Building

Washington, D.C. 20510

Re:  Supreme Court nomination

Dear Senator Murkowski:

We can do better.

In a nation of over three hundred and twenty seven million (327,000,000) folks, we can uncover another candidate more representative of America and more likely to represent the interests and reflect the concerns of Americans.

Judge Brett Kavanaugh is a corporatist, not a true conservative.  At this time, the corporations are adequately represented on the Supreme Court.  The true conservatives are not.

A true conservative protects individual civil rights and civil liberties rather than institutional and corporate interests.  The unelected and unaccountable technological leviathans in particular are eviscerating individual interests and undermining privacy concerns.

A true conservative accepts the time-honored doctrine of stare decisis and respects decisions such as Roe v. Wade and others.  The Supreme Court recently held that “stare decisis promotes the evenhanded, predictable, and consistent development of legal principles, fosters reliance on judicial decisions, and contributes to the actual and perceived integrity of the judicial process.”

A true conservative respects the separation of powers and declines to address matters that should be addressed by a co-equal branch of government.  The Affordable Care Act (“Obamacare”) is based at least in part on Congress’s unambiguous ability and authority to tax.  That is enough heft to pass Constitutional muster and remove the matter from the court docket.  The legislation may be unwise and unsound and unworkable and uneconomical.  However, Congress – not the Supreme Court – can and should debate, discuss, challenge, defend, amend, repeal or replace the ACA.

At the hearings, the nominee takes the coy and disingenuous position that he or she cannot comment on matters that may come before the Court.  The nominee perforce should not speak about a specific case before the Court yet can, should and must discuss the general principles and doctrines that guide his or her thinking on matters that may come before the Court.  Challenge the nominee’s assertion of the Fifth Amendment right against self-incrimination and require answers.  Too many candidates are sweet at their confirmation hearing and less charming when later conducting hearings on the bench.

Nominating another product and by-product of the Great East Coast Credential Factory is unimaginative, tiresome and shopworn.  The current hired help at the Court – on both sides of the political aisle – could have been manufactured at a McDonald’s® hamburger shop.  More of the same just results in more of the same.  The millions who need to be served deserve to be served something better.

What are the qualities of a qualified candidate?  Search for someone with intelligence, tutored intelligence, emotional intelligence, intellectual integrity, integrity, character, grit, courage, wisdom, humility, perspective, kindness, life experience, and a wry/dry/sly sense of humor (sans sarcasm).  And the abilities to shoot a gun, bait a hook, hike a trail and read a book.  And require a zip code outside the WaNeBos (Washington-New York-Boston) Corridor.  And search first out West (not Coast) and for heaven’s sake and ours leave all federal appellate court judges off the list.

A few years ago, the original vote card tallying the Senate vote on the Gulf of Tonkin Resolution that passed in 1964 was displayed at a National Archives exhibit down the street from your shop.  For all time, there are check marks under “No” next to Ernest Gruening’s name and next to Wayne Morse’s name.

Decisions have consequences, big and small.  This decision has consequences, enormous and staggering.

This promising Republic deserves better.

It is time for everyone to head back to the drawing board.

We can do better.

Thank you for your attention to this matter.  Best wishes.

. . .

[See the e-commentary at “Is Kavanaugh Qualified? (July 30, 2018)”.]

Bumper stickers of the week:

We can do better

KavaNaugh(t)

Happy Women’s Equality Day