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    Economics / economic theory /

    Quote of the Day #6: Reformist Economics

    March 31, 2014

    “… the act of judgement that leads scientists to reject a previously accepted theory is always based upon more than a comparison of that theory with the world. The decision to reject one paradigm is always the decision to accept another, and the judgement leading to that decision involves the comparison of both paradigms with […]

    Economics / austerity, economic policy, economic theory, government spending, growth, inequality /

    History Lessons

    March 17, 2014

    History repeats itself. Cliche. Truth. Or, perhaps, we repeat history. That seems to be the lesson I am learning as I continue to delve into the darker corners of inequality, which is, undoubtedly, the issue of our age. Before I go any further I have to note – it is relevant – Paul Ryan’s extraordinary […]

    Economics / austerity, economic policy, Federal deficit, government spending, Republicans /

    Federal Deficit

    February 27, 2014

    What will the Republican party do now? In case you missed it, we learned today that the Federal deficit has now shrunk back to $680 billion, the level it was in 2008. That means it dropped over $400 billion, or about 37%, in 2013 alone. This is the most aggressive budget correction in US history, […]

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