To continue discussion of respect/poverty… interesting article

https://www.jacobinmag.com/2014/01/in-the-name-of-love/ This article makes a case that the psychology behind “Do what you love” creates a big divide in the labor force- the elite “creative” jobs and labor. I think there is something to it. The same phrase also could Continue reading To continue discussion of respect/poverty… interesting article

Stanley Fischer, poster boy for austerity, bad choice for Fed vice chairman

[This post by Josh Snodgrass reflects his opinions and not necessarily anyone else in Alternative Banking.]   In 1997, several East Asian countries had currency collapses and debt crises — something about banks borrowing too much money short term, sound Continue reading Stanley Fischer, poster boy for austerity, bad choice for Fed vice chairman