Is protectionism for American manufacturing a viable policy choice? The reality may not match our ideology.Read More Progressives Against Protectionism?
…this post can be used as a primer to counter the right-wing blather from your FoxNoise adhering family and provide some much-needed context to those who do not have a firm grasp of economics. It should also serve as a check against self-congratulatory Democrats who try to claim credit for the economy and place it at the feet of Obama.Read More The Truth About the Obama/Trump Economy
we do have the money. It’s just in the wrong places and not being accessed by the public. If we change our mindset from taxing income to taxing wealth and surplus value, it’s clear, that we have more than enough to fund all of our nation’s needsRead More Real Tax Reform: Eliminate the Income Tax
President Obama’s Farewell Address was the most left-wing speech of his career. In this post, Obama’s parting words on economic justice are analyzed.Read More Obama’s Farewell Speech and a Direction for American Liberalism: Part 1
BREXIT IS JUST ANOTHER SYMPTOM OF A DISEASED GLOBAL SYSTEM Yesterday I sat down to make sense of the Brexit vote. This was asking a bit much as the “leave” vote seemed such a clear folly that it is mind-boggling that it happened at all. So I sat behind my computer and tried to concentrate […]Read More Brexit, Neoliberalism and Empire
SPOILER ALERT! NO! This week, the New York Times Retro Report puts a spotlight on President Clinton’s 1996 Welfare Reform Act. Given the appealing monica (see what I did there!) Personal Responsibility and Work Opportunity Act, a Democratic president signed into law what was, up until that point, a conservative wet dream. With clueless pride President […]Read More Did Welfare Reform Work?
AND WHAT IT COULD MEAN FOR THE COUNTRYRead More Joseph Stiglitz on Paying a Fair Share of Taxes
THIS IS GOING TO GET UGLY When it comes to the economics of the Greek crisis, I defer to those who know better what they are talking about than a sociologist. The source I use most is Paul Krugman’s Blog at the New York Times. I’ve been reading Krugman for many years and his blog, […]Read More The Greek Demos vs. The Banker Elite
WHAT COULD POSSIBLY GO WRONG? Today, one of my students came into my class with an editorial in the Wall Street Journal written by Phil Gramm. Gramm is a visiting scholar for the American Enterprise Institute. the American Enterprise Institute, according to its own website, is “committed to expanding liberty, increasing individual opportunity and strengthening […]Read More Oh, Boy! Phil Gramm is Giving Advice!