Tag Archives: 1%. 99%

The Mathematical Equation that Caused the Banks to Crash: Black-Scholes

I recently was told in all seriousness by a Republican voter, that the financial crisis was not the fault of the banks, but of the Democrats who forced them to make sub-prime loans. Well, I will say more on that … Continue reading

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Time to Retake Politics from the One Percent of Both US Political Parties

Another great post by Dean Baker on Real World Economics, asking some good questions about the 1%. See http://rwer.wordpress.com/2011/11/29/time-to-retake-politics-from-the-one-percent-in-both-political-parties/ The country is still celebrating the inability of the supercommittee to cut Social Security and Medicare, but it is important to move … Continue reading

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Occupying Wealth Creation

Some time in the 1960s, politics became cultural. I guess this had advantages and a lot of positive things came out if it. But we lost sight of the fact the political systems rest on economic foundations, that politics shapes … Continue reading

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