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    Economics / austerity, economic theory, Greece, plutocracy /

    Rats! History Does Repeat Itself

    February 9, 2015

    And clearly economists don’t learn from it. Ponder this: “It was all very well for the rich, who could raise all the credit they needed, to clamp rigid deflation and monetary orthodoxy on the economy … it was the little man who suffered, and demanded easy credit and financial unorthodoxy.” That’s the voice of E. […]

    Economics, Politics / Jeb Bush, middle class, Obama, plutocracy, Republicans, tax policy /

    2016 Here We Come – Or Is It 1980?

    February 4, 2015

    Here we go. The early speeches are being made. The media is getting breathless. Serious people everywhere are practicing their serious positions. The next presidential race is underway. How many times will we be told that America has to face its ‘fiscal challenge’? By which, naturally, serious people always mean that we have to cut […]

    Economics / austerity, debt ceiling, Federal deficit, fiscal cliff, government spending, Keynes, Obama, Republicans /

    Back to the Budget

    January 29, 2015

    One of the least remarked upon aspects of the President’s State of the Union address last week was that it made no reference to the federal budget or to the deficit. Nor, for that matter did any of the seven – yes seven! – official or quasi-official Republican rebuttals. Why has the budget become a […]

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