Victoria’s New Yorker cartoons are available for sale here.
US Dollar to Be Devalued 90%?: Gerald Celente, an economic futurist with a remarkable track record, foresees a 90% devaluation of the US dollar, leading to food riots and tax rebellions by 2012. I think what he’s saying is right, but I don’t think it will happen nearly this quickly. Thanks to EJ for the link.
Pump & Dump Enterprise: Economic reformer Catherine Austin Fitts explains how cynical businesspeople created businesses designed solely to exploit government systems weaknesses and public ignorance for personal profit, and corrupt other businesses into the same exploitative model. For those who believe the current financial crisis was the result of simple human error, good intentions and bad judgements, this analysis is a powerful counter-argument. You won’t feel the same about bailouts after you read it. You’ll understand how “enterprise” has come, in some people’s minds, to be a dirty word. Thanks to Andrew Campbell for the link.
“This is Really, Really Scary”: Nobel economist Paul Krugman talks to HTWW about the economy: The consequences of excessive leverage, the limits to what government interventions can do, double-digit unemployment rates, economic fragility, and why this is going to get “awful”.
Carbon Tax, not Cap & Trade, Mr Obama: Michael Le Page urges Obama to steer clear of unworkable cap-and-trade solutions and make polluters pay now.
Canada’s Next PM Admits He Was Wrong on Iraq: The new leader of the progressive majority coalition in Canada, which will be taking power as soon as the minority Conservatives re-convene parliament, is Michael Ignatieff. He’s best knows for admitting he was wrong about the wisdom of the Iraq War, and for condoning (or at least understanding) the use of torture in cases where there is an immediate large-scale threat to human life. Both positions have been misstated and misconstrued. This guy’s complex, and the biggest concern about him is that he’s still largely an unknown.
Just for Fun: Autoantonyms are words that also mean their opposites. Their existence tells us something about the imprecision of language and how it evolves. Yes means no. My favourites: fast, fine, literal, sanction, sanguine, table and temper. Thanks to my colleagues Richard Livesley and Greg Turko for the link.
Thoughts for the Week: A repost from last August, because these quotes were so good: