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    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 […]

    Economics / austerity, economic policy, economic theory, Greece, Varoufakis /

    The Greek Experiment

    January 27, 2015

    Let me congratulate the Greeks for taking the first, but only the first, step towards a more civilized economic policy. I am intrigued by the prospect of Yanis Varoufakis as economic minister deep in argument with any of the large number of radicals that infest European economic posts. And, yes, they are the radicals. The […]

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