Tag Archives: stimulus

Ecuador Chooses Stimulus over Austerity

NEP’s William Black appeared on The Real News , February 17, 2013, discussing how Ecuador has been dealing with the recession, and some of the things we can learn from it. You can view the video below or if you wish to view the video as well as the transcript posted at TRNN, you can click this link.

 

P. J. O’Rourke’s Pizza Boxes Metaphor Explaining the Triumph of Capitalism

By William K. Black
(Cross posted at Benzinga.com)

P.J. O’Rourke’s column:  “Dear Mr. President, Zero-Sum Doesn’t Add Up” claims that the following metaphor explains President Obama’s world view and policy choices: “life [is] like a pizza, where if some people have too many slices, other people have to eat the pizza box.”

A zero-sum interaction occurs when one party’s gain must exactly match the other party’s loss.  Continue reading