The 1st Item of the night is: Paul Krugman talks about trical down economics.
The funny thing is that I don't think that mandatory weekends are to far left, to me that sounds pretty rad! And I don't really think Krugman disagrees with Germany here either, I think he's throwing us a straw man because Germany is doing pretty good right now compared to other European counters, so why would he pick on their economic policies.
Paul Krugman says well fair is not one of his favorite programs, but republicans hate SCHIP. I looked up S-CHIP, it was a bill to expand health care for children, and indeed as it turns out Bush vetoed two attempts to expand its funding- WOW! This from a guy that signed a "$190 billion farm bill that promises to expand subsidies to growers."(CNN) And to his credit President Barack Obama signed the Children's Health Insurance Reauthorization Act of 2009.
Now, earlier I stated that lowering the minimum wage is unjust. This is for two reasons one because of what the New Keynesians, like Krugman, call sticky markets, this is one of the places where I agree with the Keynesians. A sticky market is the delay between an increase/decrees in demand for a commodity and the supply of that commodity, when this delay occurs the commodity is marked higher then what people will pay for it or lower then people can sell it. The other factor, for which Keynesian economics is a notorious contributor, is inflation which is caused by the watering down of the value of a currency through the increase in that currencies supply. Now for how these two factors come together, because the printing of new money through fractional reserve, and Fed lawns is a constant factor, the increase in money also is a constant factor and the devaluing of the dollar too is a constant factor, and finally the devaluing of the workers wage which is dollars is a constant factor. Then the problem is compacted when the worker instead of demanding a rise to pay his living expenses orders a credit card that contributes to the devaluing the vary wage he is trying to compensate for.
(Richard d. Wolff' talks in-depth about this in his YouTube video Capitalism Hits the Fan, you can see this video on my post capitalism and its fans.)
The final irony in all this is that because printing money lowers they value of the money, Keynesian policies lead to the devaluing of the savings of the people who most need the Medicare programs the Keynesins like Krugman advocates, thus making those programs all the more necessary. So I say, as long as The Fed and other financial institutions, such as GM motor company, (as it turns out GM is also a bank, looks like the banks are the problem again)(CNN) continue to inflate the money supply the government should never decrees the minimum wage.
Here, Paul Krugman explains that Democrats get campaign money
From banks while republicans get theirs from corporations, hm?!
A couple of solutions I've come across are the state bank of North Dekota, and
Dennis Kucinich's N.E.E.D act., doubtlessly the Fed needs to end, but these solutions could pick up the slack in a way that the gold standard, on it's own, might not be able to.
The 2ed Item of the night is: Bank of North Dakota the only None Fed insherd bank in America.
The Bank of North Dakota is a unique case in the United States, it is a state bank that pays no interest to the Federal Reserve. Could this be the future of banking.
Heres a motherjones interview with Bank of North Dakota presedent Eric Hardmeyer: http://www.motherjones.com/mojo/2009/03/how-nation%E2%80%99s-only-state-owned-bank-became-envy-wall-street
The 3ed Item of the night is: Democrat and US Congressman Dennis Kucinich explains monetary Reform.
This is a link to the official Govermant site of H.R.2990.