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    Politics / capitalism, democracy, economic theory, Galbraith, plutocracy /

    Channelling Galbraith

    April 28, 2017

    Jamie Galbraith’s conclusion in his essay at Dissent magazine: “The progressive alternative to an economic program of reckless stimulus and real-estate capital gains is a program of full employment, fair wages, and broad investment in social, cultural, and environmental needs, backed by taxes that fall directly on rents, monopoly profits, and on inheritances, thus directly […]

    Economics, Politics / corporate taxes, Goldman Sachs, government spending, growth, Republicans, tax cuts, tax reform, Trump /

    That’s a Tax Plan?

    April 27, 2017

    Well, no, it isn’t. It’s a draft of a sketch of an outline of a synopsis of what a tax plan might look like were it designed exclusively to serve the interests of the drafter/sketcher/outliner. With great fanfare and pomp the White House rolled out its “huge”tax plan. As predicted it is not a plan, it […]

    Economics / complexity, economic theory /

    Complex Simplicity

    April 25, 2017

    Simplification, in the context of an economy, is the eradication of all things of interest. This does not mean that studying an economy is thus doomed to be a pointless recitation of history as it unfolds. It is, rather, the recognition that as an economy moves through time it is never, to paraphrase Heraclitus, possible […]

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