Relevant and even prescient commentary on news, politics and the economy.

A really important issue

I’m not a fan of Organizing for Action.  I think they’ve squandered a chance to be effective, and judging from the emails I’ve received from them they’ve focused mainly on things I don’t care about or don’t support.  In short, it’s been much more a centrist/center-left organization than a truly progressive one, because the Obama […]

Would the real "real median household income" please stand up?

by New Deal democrat Would the real “real median household income” please stand up? Real median household income is among the most important measures of economic well-being.  So why do three surveys compiled from 3 different sources give 3 very different results? Let me point out initially what real median household income is NOT.  It […]

Dealing the Woman’s Card—Clinton’s. And Mine. And Dealing the Man’s Card—Bernie Sanders’s. And Donald Trump’s.

There are limits to the analogy between Clinton’s 2008 primary contest with Obama and Sanders’s primary contest now with her.  Clinton doesn’t get that.  But she needs to figure it out because the differences matter. — There are limits to the analogy between Clinton’s 2008 primary contest with Obama and Sanders’s primary contest now with […]

The USA is not in a liquidity trap any more

This post is related to the debate about fiscal policy and medium run growth which has become entangled with the Sanders or Clinton debate (which I will attempt to avoid). Some extremely Keynesian economists (DeLong, Pro Growth Liberal,, Menzie Chin, Paul Krugman, and (warning pdf) C and D Romer have expressed skepticism about the possibility […]

There are limits to the analogy between Clinton’s 2008 primary contest with Obama and Sanders’s primary contest now with her. Clinton doesn’t get that. But she needs to figure it out because the differences matter.

We got to the end in June, and I did not put down conditions. I didn’t say, ‘you know what, if Senator Obama does X, Y, and Z, maybe I’ll support him.’ I said, ‘I’m supporting Senator Obama, because no matter what our differences might be, they pale in comparison to the differences between us […]

The Lesson of Carrier: America Needs a Real Socialist Agenda

by Peter Dorman (from Econospeak) The Lesson of Carrier: America Needs a Real Socialist Agenda    I just finished listening to the video clip that has been making the rounds, in which a spokesman announces to the assembled workers at the Carrier plant in Indianapolis that their jobs will be moved to Mexico.  It’s embedded in […]

Senate Finance Committee cuts tax return preparer regulation

by Linda Beale Senate Finance Committee cuts tax return preparer regulation As most tax practitioners realize, many people who hold themselves out as “tax return preparers” actually know nothing about the tax laws and may even assist their clients in cheating on their taxes by inventing home offices, travel-away-from-home expenses, or other fictional deductions. The […]

Denmark, the VAT Tax and Paul Krugman

So Sanders and Clinton are arguing about soda taxes — Clinton for, as a way to raise money for good stuff while discouraging self­-destructive behavior, Sanders against, because regressive. I have no illusions that rational argument will make much difference in the short run; we’re in that stage where anything Clinton supports is ipso facto […]

Internet shedding light on hidden history of Mormonism

The Mormon church reaches out over the whole world to get converts. Their missionaries present pamphlets about their history and doctrines. The pamphlets paint a picture of wholesomeness and purity. Yet the pamphlets are propaganda that distorts historical truth. It is important to know the truth behind Mormonism because members of the church have become […]