Of the two meanings of “Neoliberalism” The use of the term “neoliberal” has recently been criticized as a meaningless epithet, a tabula rasa used to disparage anyone deemed unsatisfactorily conservative. To the contrary, I think the term “neoliberal” is fairly precise, but much like the term “liberal” itself, it has two quite different meanings depending […]
Could The US Default Due To A Complexity Catastrophe? Definitely. Front page story in today’s Washington Post by Damien Paletta reports that “Treasury chief hurtles toward fiasco,” the fiasco being a failure to raise the US debt ceiling in time to avoid a default. Trump has declared that Sec Mnuchin is responsible for this matter, […]
Foxconn aims to break the bank While the head of the illegitimate Trump regime makes multiple headlines telling the New York Times that he is above the law, we have to remember that there are plenty of other issues of concern to the middle class. One of the most striking is the latest huge bidding […]
Another Personal Observation On Privatized Highways Last month I posted a personal observation on Trump’s plan to privatize infrastructure, noting especially how in the long run privately owned turnpikes in Virginia ended up in government ownership. In the comments on that post there was discussion of the Indiana Toll Road, privatized a few years ago. […]
Trump’s presidency is 1/8 done. The economy is still on Obama’s autopilot. Where’s the DOOOM?!? Today marks half a year since Donald Trump took the Oath of Office as President. I just wanted to note that, so far, absolutely nothing of significance has been enacted to affect the economy. It’s still basically Barack Obama’s expansion. […]
(Dan here…lifted and reposted) by Mike Kimel How Keynesian Policy Led Economic Growth In the New Deal Era: Three Simple Graphs November 22, 2011 In this post, I will show that during the New Deal era, changes in the real economic growth rate can be explained almost entirely by the earlier changes in federal government’s […]
Lifted from comments at Naked Capitalism MC So your solution includes taking money from those who saved and invested, and re-distribute it to those who spent everything they earned? As someone in the “saved and invested” category, I find that plan to be a non-starter. When I was setting aside 15% of my income for […]
Steve Roth writes What is the secret to joining the rich country club at Evonomics: By Steve Roth There’s a curious fact about the wealth and growth of nations that you rarely see mentioned: No country has ever joined the modern, high-productivity, rich-country club without massive doses of redistribution, and universal government programs for social support and […]
by Dale Coberly DID MAYA MACGUINEAS of CRFB LIE on TIME magazine website OR WAS SHE JUST FOOLIN’ AND DID ANYONE NOTICE Maya MacGuineas is president of the Committee for a Responsible Federal Budget (CRFB) which reliably confuses the Federal Budget with the Social Security program. CRFB claims to want to cut government […]
Via Alternet, Thom Hartmann writes: …This type of labor system has been the dream of conservative/corporatists, particularly since the “Reagan Revolution” kicked off a major federal war on the right of workers to organize for their own protection from corporate abuse.Unions represented almost a third of American workers when Reagan came into office (and, since […]