Category Archives: Economics

Sounding the Alarm

Intoduction With Apologies to our followers: We haven’t posted here in a while. However, we have been busy. JMH has lately been posting articles on Daily Kos, a series on distributional macroeconomics and the inequality problem. The series has begun … Continue reading

Posted in - FEATURED POSTS -, Culture, Economics, Freedom and Democracy, History, Perspectives, Reaganomics, Saving America, Wealth and Income Inequality | Leave a comment

The Big Lie: Reaganomics

Opposition to the Trump regime is surfacing rapidly. The most recent issue of Rolling Stone (February 25 – March 9, 2017) features an interview with John Oliver, discussing his plans for “Last Week Tonight” in this first year of Trump’s administration. … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Corporations, Culture, Decline in America, Economics, Federal Debt, Government in Society, Saving America | Leave a comment

The Great Correction

Most Americans are at least apprehensive, and many of us are terrified, by the prospect of the upcoming Donald Trump presidency. These fears are justified. People who voted for him did so despite his lack of experience or leadership skills, … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Culture, Decline in America, Ecology, Economics, Freedom and Democracy, Politics, Saving America, Taxation | Leave a comment

Bad News on the Doorstep

This line, from the song “American Pie” by Don McLean , instantly popped into my head when I sat down to read the morning papers on Monday, December 5, 2016. A Google search for “Bad News on the Doorstep” will … Continue reading

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Trump’s Presidency and Our Economic Future: Part II – The Bitter Fruits of Misplaced Faith

  On October 9, 2013, in a blog article entitled “Ignorance is Death,” I discussed the vast public ignorance about economics and the extreme danger inherent in GOP policies (here), I wrote: The fruits of ignorance are truly amazing. In … Continue reading

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The Terrifying Truth About Politics

The preceding post began with a little-noticed quotation from Hillary Clinton’s acceptance speech at the Democratic convention: “I believe that our economy isn’t working the way it should because our democracy isn’t working the way it should.” We saw in … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Budgets, Corporate Control of Media, Decline in America, Democracy, Economics, Federal Budget and Spending, Federal Debt, Government in Society, Media and Propaganda, Politics, Saving America, Taxation, Wealth and Income Inequality | Leave a comment

The Terrifying Truth About Economics

This post, and a follow-up post, are about the extremely dangerous economic and political predicament of the United States in 2016. With regard to our economic situation, the danger of another crash, and a complete collapse into another Great Depression … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Ecology, Economics, Federal Budget and Spending, Federal Debt, Freedom and Democracy, Government in Society, Wealth and Income Inequality | Leave a comment

Phony Progressives? The Fraudulent Attack on the Sanders Economic Plan

In my last post I argued that Hillary Clinton, under the acknowledged influence of Paul Krugman, wrongly attacks the Sanders campaign on the ground that a hard line stand against inequality is bad “political strategy.” That’s Krugman the politician talking, … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Economics, Politics, Uncategorized, Wealth and Income Inequality | Leave a comment

Establishment Economics: Learning from New Hampshire

Back in the Spring of 2012 I eagerly awaited the release of Paul Krugman’s latest book, “End This Depression NOW!” He was an avowed progressive, and as the New York Times economic columnist, he had the widest audience among current economists. … Continue reading

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

The (Future) State of the Union

Tonight (1/12/2016), Barack Obama delivered his final State of the Union address as President of the United States. It will go down as one of the great speeches in American history, I predict, because some years from now, when the … Continue reading

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Economics and Ecology: The Handwriting on the Wall

Now and then a day comes along when several news stories combine to reveal a clear picture of the human condition, and of America’s future, and for me today (December 2, 2015) is a prime example of such a day: … Continue reading

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The Dangerous Delusions of Mainstream Capitalism

The economics profession is in a state of confusion unparalleled in the history of the social sciences.  The devastating stock market crash in 2008 had not been anticipated. In its aftermath, The Economist  [1] opined:  [T]there is a clear case for reinvention, … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Economics, Saving America, Wealth and Income Inequality | Leave a comment

The Trickle-Down Nightmare

In my retirement, I have devoted myself to the investigation of income and wealth inequality, and in the process acquired a distributional perspective on how modern market economies actually work. When I began this project, I soon realized that it … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Decline in America, Economics, Perspectives, Reaganomics, Taxation, Wealth and Income Inequality | Leave a comment

Postscript: What We Must Do

Wisdom is a strange commodity. Most of the time we don’t recognize it when it infiltrates our addled brains, and it is always hard-won and a long time coming. Yesterday’s post “Krugman v. Stiglitz — Debt v. Taxation” deserves this postscript, for having … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Economics, Federal Budget and Spending, Federal Debt, Politics, Taxation | Leave a comment

Krugman v. Stiglitz — Debt v. Taxation

I have noted before that two of America’s best-known economists, Paul Krugman and Joseph Stiglitz, both Nobel Prize winners, are in extreme disagreement on the causes and implications of and remedies for, America’s inequality crisis. Both are politically progressive, but … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Econ 101, Economics, Federal Budget and Spending, Federal Debt, Taxation, Wealth and Income Inequality | Leave a comment