A Quote by John C. Bogle
I'm not currently into economic textbooks, but my grandchildren tell me that the book by Gregory Mankiw, former head of the white house council of economic advisers is a model of intelligence and clarity. Why not try that one.
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The Clinton years were not an economic Nirvana; as chairman of the president's Council of Economic Advisers during part of this time, I'm all too aware of mistakes and lost opportunities.
Joseph Stiglitz was the chief economist of the World Bank for three years till January 2000. Before that he was the chairman of President Clinton's Council of Economic Advisers. No one can speak more authoritatively or with greater inside knowledge about the functioning of the Washington consensus institutions.
When people are running up more and more debt for housing, they call that "real wealth." It exposes what's wrong in the mainstream economics and why most of the economics that justifies austerity programs and economic shrinkage is in the textbooks is not scientific. Junk economics denies the role of debt and denies the fact that the economic system we have now is dysfunctional.
I have the privilege of being the vice chair of the World Economic Forum's real estate council. In that role, I review a lot of economic data and original research from around the world.
Official motto of the White House economic team: Those who can, do. Those who can't, fantasize in the classroom, fail in Washington and then return to the Ivy Tower to train the next generation of egghead economic saboteurs. Life is good for left-wing academics. Everyone else pays dearly.
Are public school textbooks biased? Are they censored? The answer to both is yes. And the nature of the bias is clear: Religion, traditional family values, and conservative political and economic positions have been reliably excluded from children's textbooks.
The decision-making process in the White House does not let most issues get up to the President. The Council thought opening up global markets to derivatives that would destabilize other countries wasn't likely to create a lot of jobs in the U.S. and might adversely affect U.S. interests by causing global economic instability.
Why is this man in the White House? The majority of Americans did not vote for him. Why is he there? And I tell you this morning that he's in the White House because God put him there for a time such as this.
Addressing the climate and biodiversity crises requires us to radically change our economic models, moving away from economic growth as the over-riding measure of progress and moving instead towards improving health and wellbeing for people and nature. That means a different economic model taking us towards a sustainable economy.
I don't put Tesla in the Amazon category. They have not proved to me that, as a financial model and an economic model, it is going to work.
Many white Americans of good will have never connected bigotry with economic exploitation. They have deplored prejudice but tolerated or ignored economic injustice.
I vividly remember my first day on the White House staff. My office, of course, was in the Old Executive Office Building. I didn't rate one in the West Wing; but don't try to tell me or any of the rest of us working there that we weren't working in the White House.
Statehood is not a model for economic development; it is simply a way to organize a federation. What statehood does in fiscal and economic terms is apply uniform rules of the game to all states.
So the need for another economic model is urgent, and if the climate justice movement can show that responding to climate change is the best chance for a more just economic system.
Intelligence is of paramount importance to live life sensibly, because without intelligence, there is no clarity. And Clarity is intelligence everyone is capable of.
You see, I'm a mighty proud gal and I can't for the life of me, find any valid reason why anyone should lie about their origin or anything else for that matter. Frankly, I do not ascribe to the stupid theory of white supremacy and to try to hide the fact that I am a Negro for economic or any other reasons, if I do I would be agreeing to be a Negro makes me inferior and that I have swallowed whole hog all of the propaganda dished out by our fascist-minded white citizens.
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