Posts tagged money.

The protesters appeared to be a motley assortment of slackers, students, environmentalists, socialists, feminists, and hippies. It is easy to lampoon such folks, just as it easy to poke fun at the retirees, gun lovers, and pro-lifers that man the Tea Party information booths. But like the conservative enragés that have taken over parts of the Republican Party, these protesters have a serious issue that motivates them: the purported takeover of the political system by the richest one per cent of the population, as symbolized by Wall Street. “The one thing we all have in common,” says the protesters’ site, “is that We are the 99% that will no longer tolerate the greed and corruption of the 1%.

John Cassidy, in his piece for The New Yorker on the Occupy Wall Street protests. Recommended among Good Reads from the Monitor’s international desk.

(via csmonitor)

sarahlee310:

hman:

dontwalkintime:

Touche.

I am laughing so hard on the inside right now because I am picturing Cornel West, paintbrush in hand, making up slogans for signs, while sitting in his book-lined office in Princeton. 

And then he goes out to look for more scraps of cardboard. 

——

Reblogged the photo before, but these words painted another picture that made me laugh so hard I spit my ice cream out and nearly fell out of my chair.  Thanks.  I needed that. - SarahLee

(via rumour-has-it-i-deactivated2013)

#money  

Debt, Slavery and our Idea of Freedom | David Graeber ›

So if credit preceded hard currency, why was hard currency developed?

The emerging consensus among historians over the last ten years is that markets based on the use of actual bullion or currency in daily transactions are almost everywhere a side-effect of war. If you think about this, it makes sense. Why did they choose gold and silver as the universal currency of exchange? Well, gold and silver were the sort of things that soldiers were most likely to have a lot of on hand, since that is the easiest and most valuable thing to carry off if you’re looting and pillaging somewhere. But on the other hand, a soldier is the last person you’re going to want to extend credit to, since they are heavily armed and just passing through. So, soldiers wants of stuff (marketplaces always formed around an army), and they’ve got lots of these bits of precious metal; it makes sense that that’s where cash markets would emerge.

What seems to have happened is that states started systematizing the division of the loot into uniform pieces, eventually making them into coins. Then – and this is the big trick – they demanded those coins back, in taxes. One of the great mysteries, if you take the Adam Smith theory of the origin of money (that it arose from the inconveniences of barter), is, why did ancient kings want taxes at all? If gold and silver were naturally money, why not just grab the gold and silver mines directly and keep all of it? Indeed that is in fact what they did, so what’s the point of taking the gold that you already own, stamping your picture on it, handing it out and then saying, ‘OK, everybody, give it back’? The only logical explanation is that they were trying to create a market, and that also explains who they were giving it to. One of the big problems in the ancient world was how to feed one’s army. You have 50,000 people sitting around, and they’re going to eat pretty much anything standing in the area within about three weeks. How do you feed them? The easiest solution is to give the soldiers these metal coins and say, ‘OK, everyone in the kingdom is required to give me one of these coins’. Suddenly the whole population has to figure out a way to give the soldiers what they want in exchange for the coins. So you’re effectively employing your entire kingdom to feed your soldiers. Commercial markets are essentially, then, a by-product of military operations by states.

(via theamericanbear)

#debt  #history  #money  #taxes  #war  #economics  

redandblackrevolution:

bulletinaweave:

hidden-agender:

misterstibbons:

[Image Description: Pictures of the below described potential bills, showing the 1, 5, 10, 20, 50, and 100 dollar bills, with Barack Obama in blue, a teepee in pink, the US capital building in yellow, scientific equipment in green, the Eagle and fifty stars in red, and FDR in orange. There is also a picture of the six different notes fanned out in a wallet, and of the one dollar bill in an ATM.]

fimbis:

dowling duncan US bank note designs

With their vertical format bills, dowling duncan have reignited interest in ‘the dollar redesign project‘ 

why the size? 
we have kept the width the same as the existing dollars. however we have changed the size of the note so that 
the one dollar is shorter and the 100 dollar is the longest. when stacked on top of each other it is easy to see 
how much money you have. it also makes it easier for the visually impaired to distinguish between notes.

why a vertical format?
when we researched how notes are used we realized people tend to handle and deal with money vertically 
rather than horizontally. you tend to hold a wallet or purse vertically when searching for notes. 
the majority of people hand over notes vertically when making purchases. all machines accept notes vertically. 
therefore a vertical note makes more sense.

why different colors?
it’s one of the strongest ways graphically to distinguish one note from another.

why these designs?
we wanted a concept behind the imagery so that the image directly relates to the value of each note. 
we also wanted the notes to be educational, not only for those living in america but visitors as well. 
each note uses a black and white image depicting a particular aspect of american history and culture. 
they are then overprinted with informational graphics or a pattern relating to that particular image.

1 dollar bill: the first african american president

5 dollar bill: the five biggest native american tribes

10 dollar bill: the bill of rights, the first 10 amendments to the US constitution

20 dollar bill: 20th century america

50 dollar bill: the 50 states of america

100 dollar bill: the first 100 days of president franklin roosevelt. 
during this time he led the congress to pass more important legislations than most presidents pass in their entire term. 
this helped fight the economic crises at the time of the great depression. ever since, every new president has been 
judged on how well they have done during the first 100 days of their term.

see the project on dowling duncan’s website here

THIS IS AWESOME. 

Can we please have these? I want pretty currency like Canada’s and Switzerland’s.

They remind me of 70s science textbooks. …that’s a compliment.

This is an absolutely ridiculous thing for the government to invest money into right now…

Sure, they look cool and will probably be a lot more user-friendly (whatever that means, since if you have hands and can’t already handle cash you must be a complete fucking moron), but there are so many bigger problems going on right now to be changing the design of our currency.

(via redandblackrevolution-deactivat)

#money  #pretty  

csmonitor:

From the feature story: Unemployment, Inc.: Six reasons why America can’t create jobs.

ebengregory:

I pledge allegiance to the Flag.