Tags » Economy

10 Facts About Inflation

What Is Inflation?
Inflation refers to the increasing price of goods and services that ultimately decreases a nation’s purchasing power. As the cost of living increases, each unit of currency buys less. 522 more words


Thomas Piketty Undermines the Hallowed Tenets of the Capitalist Catechism | The Nation

Not only does capitalist growth not reduce inequality; it increases it.

Jeff Faux

April 18, 2014

Thomas Piketty just tossed an intellectual hand grenade into the debate over the world’s struggling economy. 2,287 more words


Obama Decides Not to Decide on the Keystone XL Pipeline

Still no decision on Keystone Pipeline

As Hot Air noted, the announcement by the administration on the Keystone XL pipeline was, in effect, that it will decide whether or not to build the thing “whenever we damn well please.” … 371 more words


#value #online

“in the attention economy of the internet, value is not measured in financial terms, but in numbers of unique users, links and search engine results. Once results have been achieved in terms of quantity, the criteria of quality obviously reappears: the value of an online project thus also – and above all – depends on whether it is being talked about in contexts like Rhizome, Neural and We-make-money-not-art, whether it has attracted the attention of certain critics, and whether it has been exhibited in certain settings, online and off-line. 127 more words

Reading Group

Vladimir Putin: The man, The magic, The myth

Regardless of all the political intrigue and hearsay, rumours and imaginative narratives about Vladimir Putin, I really like this guy. Say what you want about the bareback horseback riding and scuba diving for lost treasures, there’s something about a man who knows what he wants in life and goes for it that I can connect with. 270 more words