Monthly Archives: October 2013

The Bottom 99% Apocalypse

Paul Krugman’s Op-Ed in today’s New York Times, “Addicted to the Apocalypse”  has sent me scrambling back to my computer to post this analysis. He’s right as rain about the apocalyptic fantasies of the financial deficit hawks, but wrong to leap from … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Economics, Federal Budget and Spending, Wealth and Income Inequality | Leave a comment

Is Economics a Science? Really?

When Thomas R. Malthus, Jean-Baptiste Say and David Ricardo were writing their books on “principles of political economy” several decades after Adam Smith published Wealth of Nations in 1776, their thinking was heavily influenced by the subsistence-level agrarian/mercantile economies that … Continue reading

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Four Days to Go

My last post, “Ignorance is Death,” seemed over the top: Like most of you, I’m conditioned against taking alarmist messages seriously. It’s the ostrich syndrome, and I plead guilty to being as human as, well, nearly everybody else. But now … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Economics, Federal Debt, Regulation, Wealth and Income Inequality | 1 Comment

Ignorance Is Death

The science of economics has failed us. Until I got deeply into my research on the economics of inequality, which has been my passion for the last three years, I did not imagine how badly it has failed us, and … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Decline in America, Economics, Government in Society, Obama and the Alternative, Politics, Taxation, Wealth and Income Inequality | Leave a comment

The End of the Line: The Crash Following a Debt Default

In my recent letter to the editor to the Albany Times Union, “Defaulting on debt a national disaster” (here), I argued that the budget and debt limit crises are the result of the massive growth of inequality, in particular the … Continue reading

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Inequality and the National Debt

Last night at midnight, the United States government shut down, and my first priority today is to write about it. This post will go beyond everything you’ve been hearing and talking about. Of course it’s insane, in a representative democracy, … Continue reading

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