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Articles posted on Friday, August 31, 2012

Guest Post: The Rot Runs Deep 2: Don′t Call Out My Scam And I Won′t Call Out Yours ZeroHedge

Friday, August 31, 2012
Category: America

From www.zerohedge.com

It′s easy to skewer the financial and political Elites′ abuses of power, but few look at all the rot below. The fraud and embezzlement-riddled mortgage market of the previous decade included not just investment bankers but non-Elite Americans who lied about their income, debt, and other material facts in order to obtain a fraudulent mortgage.

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Q&A: Pragmatic Capitalism - Knowledge Bank - Mindful Money

Friday, August 31, 2012
Category: Economics

From www.mindfulmoney.co.uk

The elephant in the room is definitely this idea that the US government (or any autonomous currency issuer) can "run out of money". The US government has an institutional arrangement whereby it can always procure funding via taxes and bond sales.

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Punishing Cheaters Promotes the Evolution of Cooperation The Primate Diaries, Scientific American Blog Network

Friday, August 31, 2012
Category: Behavior

From blogs.scientificamerican.com

A key problem when trying to understand the evolution of cooperation has been the issue of cheaters. Individuals in a social group, whether that group is composed of bacteria, cichlids, chimpanzees, or people, often benefit when cooperating with others who reciprocate the favor.

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