KYle Kulinski, exposes the stupidity of “Snerdley,”
David Koch pic.twitter.com/ZLwa52LR8N
According to Dave Levinthal,
In 2007, when the Charles Koch Foundation considered giving millions of dollars to Florida State University’s economics department, the offer came with strings attached.
First, the curriculum it funded must align with the libertarian, deregulatory economic philosophy of Charles Koch, the billionaire industrialist and Republican political bankroller.
Second, the Charles Koch Foundation would at least partially control which faculty members Florida State University hired.
And third, Bruce Benson, a prominent libertarian economic theorist and Florida State University economics department chairman, must stay on another three years as department chairman—even though he told his wife he’d step down in 2009 after a single three-year term.
The Charles Koch Foundation expressed a willingness to give Florida State an extra $105,000 to keep Benson—a self-described “libertarian anarchist” who asserts that every government function he’s studied “can be, has been, or is being produced better by the private sector”—in place.
So basically the Koch Brothers attempted to bribe Florida State University into teaching their ideology as fact. Unfortunately, it worked for awhile.
Florida State University “willfully and knowingly violated the integrity of FSU by accepting funding meant only to further Koch’s free-market agenda.”
Further down Levinthal also points out,
At Florida State University, Benson noted in a November 2007 memorandum that the Charles Koch Foundation would not just “give us money to hire anyone we want and fund any graduate student that we choose. There are constraints.”
Benson later added in the memo: “Koch cannot tell a university who to hire, but they are going to try to make sure, through contractual terms and monitoring, that people hired are [to] be consistent with ‘donor Intent.’”
Basically they were determined to make sure that economics class was a propaganda outlet for their absolutist free market worldview, where professors wouldn’t teach anything that contradicted it. Obviously the Koch brothers care more about their political agenda than increasing the quality of education, and they don’t seem to care much for academic freedom.
You can read the full story over at the Daily Beast. I for one, am glad this came to light. Even if the university is no longer accepting the bribe money, the simple fact that they ever did, is extremely shameful. Question is, what can be done to prevent the Koch Brothers, or anyone else from being able to do this with other collages in the future?
They could’ve called this article “Look at how ‘supply-side’ economics, anti-environmentalism, and all-around pro-oligarch legislation and ideology has destroyed some of the most iconic, classic Americana.”
Oh, and gentrification-based laws are also robbing us of the classic ice-cream truck jingle. “Family values” my ass.
Edit: Make a drinking game out of how many times you see the word “classic” here or in the link. This is depressing enough to get hammered for.
Yes of course we should listen to a creationists like Ben Carson on the economy. Check out this video from Right Wing Watch,
The shear fact that he is a neurosurgeon means that he must know everything. One can’t possibly be a genius in one area, and know absolutely nothing when it comes to something else.
And of course we all know how “evil and un American Obama is,” his book Dreams of my Father is “equivalent” to Mein Kampf.
Hey Costco…you all stocked up on the Communist Manifesto, Mein Kampf and Dreams From My Commie Father?
He would want to destroy the economy, because he hates America. Lets also not forget how he is a “secret Muslim” waging Jihad against America in addition to being a communist.
I have feeling that Gus might be right, we may never reach peak wingnut!
@AngryBlackLady If it happens we'll be thrust into the other side of the universe permanently trapped in an old Star Trek episode. O_o
Krugman here is reviewing a book by the French economist Thomas Piketty, Capital in the Twenty-First Century, Piketty and his colleagues at the Paris School of Economics have focused their research on the ultra-rich, a segment of the population that most economists had by and large ignored.
Piketty’s group found that, as in America’s Gilded Age and Europe’s Belle Epoque, the people at the top rung of the income ladder acquire their wealth through family and by ownership of assets. In other words, they didn’t need to work to become rich.
It therefore came as a revelation when Piketty and his colleagues showed that incomes of the now famous “one percent,” and of even narrower groups, are actually the big story in rising inequality. And this discovery came with a second revelation: talk of a second Gilded Age, which might have seemed like hyperbole, was nothing of the kind. In America in particular the share of national income going to the top one percent has followed a great U-shaped arc. Before World War I the one percent received around a fifth of total income in both Britain and the United States. By 1950 that share had been cut by more than half. But since 1980 the one percent has seen its income share surge again—and in the United States it’s back to what it was a century ago.
Still, today’s economic elite is very different from that of the nineteenth century, isn’t it? Back then, great wealth tended to be inherited; aren’t today’s economic elite people who earned their position? Well, Piketty tells us that this isn’t as true as you think, and that in any case this state of affairs may prove no more durable than the middle-class society that flourished for a generation after World War II. The big idea of Capital in the Twenty-First Century is that we haven’t just gone back to nineteenth-century levels of income inequality, we’re also on a path back to “patrimonial capitalism,” in which the commanding heights of the economy are controlled not by talented individuals but by family dynasties.
The general presumption of most inequality researchers has been that earned income, usually salaries, is where all the action is, and that income from capital is neither important nor interesting. Piketty shows, however, that even today income from capital, not earnings, predominates at the top of the income distribution. He also shows that in the past—during Europe’s Belle Époque and, to a lesser extent, America’s Gilded Age—unequal ownership of assets, not unequal pay, was the prime driver of income disparities. And he argues that we’re on our way back to that kind of society. Nor is this casual speculation on his part.
The historians among us may recall what events followed the Gilded Age and the Belle Epoque. It’s not healthy for a presumably democratic society to have a tiny minority of the population to control 80% or 90% of its wealth — or its politics.
Otmar Issing, German economist, president of the Center for Financial Studies (Goethe University Frankfurt), former member of the Executive Board of the European Central Bank and an advisor for Goldman Sachs
It seems that a generation of monetary hawks have discovered pragmatism. They have noticed that Europe’s growing balance of payments surplus and slide into deflation is straight from the Japanese playbook of the last 20 years. The older generation has launched a fightback.
The stakes are high. It may just be a key moment. The events in Ukraine have served as a timely reminder of why the EU exists and what the euro is really for.
It’s never been about economics, it’s always been high politics. Vladimir Putin may have brought a coherence to European thinking and policies that recession and high unemployment could never achieve.
BuzzFeed really wants you to live in Texas, because the queso rocks.
no…really….in Texas the queso is better than sex…apparantly:
1. Queso. To be honest, the existence of queso is reason enough to live in Texas,
and, being Texas - still better than sex is number 2 on the list:
2. Blue Bell ice cream for days.
and 3? you betcha - moar food! :
3. Honey Butter Chicken Biscuits from Whataburger. AKA your new favorite thing to eat that is actually terrible for your heart, but is so good for your soul.
The reason everything is bigger in Texas, is because, they apparently eat in place of great sex. It’s not just sex either, taxes, - yep, Texas likes food better than taxes, but I’ll get to that later.
To be fair, it is not just food which buzzfeed lauds the Lone Star State for:
36. The men are true gentlemen.
Hmm… and in real terms - that puts Texas exactly where?
1. New Mexico - 93/1,000
2. Mississippi - 90/1,000
Third. Worst. I promise you, however, the gents are really really nice in Texas.
The ten states with the highest rate of females murdered by males were, as of 2010, Nevada, South Carolina, Tennessee, Louisiana, Virginia, Texas, New Mexico, Hawaii, Arizona, Georgia. In 2009, for homicides in which the victim to offender relationship could be identified, 93% of female victims were murdered by a male they knew, 63% of them in the context of an intimate relationship.
Dating violence has become a problem among young Texans. According to the Texas Council on Family Violence, more than 27% of young people have been victims of physical dating violence. However, if these figures included emotional and verbal abuse the percentage of those effected would rise to almost 50%.
Ok Ok, I know, it is not fair to dismiss a state on how it treats women comparative to its peers, lets go further down Buzzfeed’s list:
34. Southern hospitality.
I am sure Texas is a really hospitable place - I really am….however… maybe to be fair - this is only to a certain type of Texan:
In 2011, the largest percentage of hate crime reports were racial in nature. The second most commonly reported bias motivation was sexual orientation, the third most common bias motivation was ethnicity/national origin, the fourth most common form of hate crime was religious and the fifth was disability.
If you are a lesbian Hindu Lithuanian with a palsy, maybe Vermont would be better…
42. The feeling of living in a place people are proud to call home.
44. NO STATE INCOME TAX.
The Commonwealth Fund ranks the Texas healthcare system the third worst in the nation. Texas ranks close to last in access to healthcare, quality of care, avoidable hospital spending, and equity among various groups. Causes of the state’s poor rankings include politics, a high poverty rate, and the highest rate of illegal immigration in the nation. In May 2006, Texas initiated the program “code red” in response to the report that the state had 25.1 percent of the population without health insurance, the largest proportion in the nation. Texas also has controversial non-economic damages caps for medical malpractice lawsuits, set at $250,000, in an attempt to “curb rising malpractice premiums, and control escalating healthcare costs”.
The Trust for America’s Health ranked Texas 15th highest in adult obesity, with 27.2 percent of the state’s population measured as obese. The 2008 Men’s Health obesity survey ranked four Texas cities among the top 25 fattest cities in America; Houston ranked 6th, Dallas 7th, El Paso 8th, and Arlington 14th. Texas had only one city, Austin, ranked 21st, in the top 25 among the “fittest cities” in America. The same survey has evaluated the state’s obesity initiatives favorably with a “B+”.The state is ranked forty-second in the percentage of residents who engage in regular exercise.
Top 10 Least Walkable U.S. Cities
5. Oklahoma City
7. Kansas City
8. Fort Worth
9. El Paso
Texas emits the most greenhouse gases in the U.S. The state emits nearly 1.5 trillion pounds (680 billion kg) of carbon dioxide annually. As an independent nation, Texas would rank as the world’s seventh-largest producer of greenhouse gases. Causes of the state’s vast greenhouse gas emissions include the state’s large number of coal power plants and the state’s refining and manufacturing industries. In 2010, there were 2,553 “emission events” which poured 44.6 million pounds of contaminants into the Texas sky.
When the black smoke pours out of the Texan oil refinery across the road in yet another unplanned discharge, Erma Lee Ellas has just one way to try to keep the cloud of chemicals from reaching her asthmatic lungs: “I close the door.”
Port Arthur, Texas has some of the dirtiest air in the United States. Some people like to say it’s the smell of money. For residents like 78-year-old Ellas, it brings sickness and pain.
Texas has a reputation of harsh criminal punishment for criminal offenses. It is one of the 32 states that practice capital punishment, and since the US Supreme Court allowed capital punishment to resume in 1976, 40% of all US executions have taken place in Texas. As of 2008, Texas had the 4th highest incarceration rate in the US. Texas also has strong self defense laws, allowing citizens to use lethal force to defend themselves, their families, or their property
As of 2010, Texas had a gross state product (GSP) of $1.207 trillion, the second highest in the U.S. Its GSP is comparable to the GDP of India or Canada, which are the world’s 12th- and 11th-largest economies, respectively. Texas’ economy is the fourth-largest of any country subdivision globally, behind England (as part of the UK), California, and Tokyo Prefecture. Its Per Capita personal income in 2009 was $36,484, ranking 29th in the nation.
In 2010, there were 346,000 millionaires in Texas, constituting the second-largest population of millionaires in the nation.
Nationally, the Dallas-Fort Worth area, home to the second shopping mall in the United States, has the most shopping malls per capita of any American metropolitan area.
Texas ranked 29th in the American Legislative Exchange Council’s Report Card on American Education. Texas students ranked higher than average in mathematics, but lower in reading.
Between 2006-2007, Texas spent $7,275 per pupil ranking it below the national average of $9,389.
The pupil/teacher ratio was 14.9, below the national average of 15.3.
Texas paid instructors $41,744, below the national average of $46,593.
Hey, don’t let all that get you down :
100. Living in the state with the most state pride.
101. And finally, knowing for a fact that everything is actually bigger and better in Texas!
The current incarnation of the GOP is not your father’s Republican Party. These people are not fiscally responsible, and certainly not conservative. They’re really not that bright when it comes to economics. For some reason, they have convinced themselves that low wages are necessary for most companies to survive, and that is just insane. If it’s necessary to survive, then consider the example of Costco. They makes a higher profit per store than Walmart, and have for many years. Here’s another: the Washington, DC City Council proposed a minimum wage of $12.50 last year, and Walmart killed plans for three stores. There was no mass exodus of companies from the District; just Walmart. (By the way, they settled on $11.50, and there is still no mass exodus.) If low wages are so necessary to compete, why do so few companies pay the minimum wage? Fewer than 15 percent of all workers make less than $10 per hour, and small businesses that pay the minimum wage or less are actually at higher risk of failure. Most companies that pay at or around minimum wage are in the discount retail and fast food industries. Yet supermarket chains, which have a much higher union membership and pay higher wages against a much tighter profit margin, seem to do quite well.
Many minimum wage workers have no bank account, and rely on check cashing offices to get cash, pay bills and wire money to relatives abroad. Contrary to what social scientists believe, these workers prefer check cashing services over banks, because banks do not offer them the services they need, a researcher at The New School in New York City has found.
For example, if a worker deposits her paycheck on Friday in a checking account, she can’t spend that money until Monday or Tuesday. If she instead visits a check cashing service, the money is available immediately, and she can pay her bills at the same time.
The video is about 15 minutes long. Toward the end, Prof. Lisa Servon notes that the spending power of low-wage workers has declined dramatically since 1968, which makes it even harder for them to save money in a bank account.
More: Why the Working Poor and Banks Are a Bad Match - American Banker
The US Treasury has warned Congress that the debt ceiling raising time again, and as before, the Republicans are dancing around trying to tie the debt ceiling to one or another of their pet causes.
Treasury Secretary Jacob J. Lew says the day of destiny this time is Feb. 27.
The last debt ceiling showdown hurt economic output, employment, and America’s standing among global investors, experts say.
Flirting with default comes with costs, even if the government never misses a single payment, experts said. A new study from the Peterson Institute for International Economics, a research group based in Washington, suggested that the cost of last year’s fiscal standoffs lopped roughly a percentage point, or $150 billion, off economic output and cost 750,000 jobs.
Around the world, the perception of Treasury debt as being absolutely safe has shifted, said Adam S. Posen, president of the Peterson Institute and a former central banker at the Bank of England. Managers of sovereign-wealth funds in countries like Norway and Singapore are rethinking their exposure to the dollar, he said.
“The dumb money says, ‘Every time I reacted to a debt deliberation in the United States, I overreacted and lost money,’ ” he said. “But the smart money knows the market has been changed by this uncertainty.”