#OccupyKStreet: It’s Where The 1% Really Are

By: Repair_Man_Jack (Diary)  |  October 20th at 10:20 AM  | 

“Wall Street has moved to K Street,” said Barbara Lang, president and chief executive officer of the DC Chamber of Commerce, referring to the Washington street that’s home to prominent lobbying firms. “Those two industries clearly have grown in our city.” (HT:Bloomberg.com) The misery index sums the unemployment rate and the inflation rate. It is probably economically and mathematically meaningless. However, it carries significant political | Read More »

#OccupyWallStreet as The Egyptian Revolution? It Might Be A Good Simile.

By: Repair_Man_Jack (Diary)  |  October 11th at 12:58 PM  | 

…the rational herdsman concludes that the only sensible course for him to pursue is to add another animal to his herd. And another; and another… But this is the conclusion reached by each and every rational herdsman sharing a commons. Therein is the tragedy. Each man is locked into a system that compels him to increase his herd without limit–in a world that is limited. | Read More »