Category Archives: Reaganomics

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 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

Running Out of Gas

(Return to the Contents Topics page.) howstuffworks Good morning. I’m only half way through my first cup of coffee, but what I discovered in today’s New York Times sent me scurrying from the breakfast table to my computer. Paul Krugman’s Op ed, Wasting … Continue reading

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

Be Afraid

(Return to the Contents Topics page.) Bearing Drift The agendas could not be more conflicting, the choice more starkly radical.  “We’ve got two very different visions of our future,” said President Obama, stumping recently in Boca Raton, Florida, “and the difference could … Continue reading

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Refuting Reaganomics, Part 4 – Shifting Perspectives, and Factual Proof

(Return to the Contents Topics page.) Google Lava Lamps – Plunderguide  The game fixers maintain a worldview that justifies using every tool at their disposal to perpetuate and expand their wealth.  Most believe they are the engines of the economic train, creating … Continue reading

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Laffer-Curve Ideation: No Laughing Matter

(Return to the Contents Topics page.)   Arthur Laffer and his Curve (Photo Credit:  United Press International) It is instructive that Bush the Elder derided Reaganomics with the label “Voodoo economics” during the 1980 Republican presidential primary season.  Bush correctly saw as … Continue reading

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Refuting Reaganomics, Part 3 – Reality, Keynes, and “Demand Side” Theory

(Return to the Contents Topics page.) Milton Friedman (Spooner) The math is easy: the federal budget over the next decade cannot be made to square without raising a lot more money. The nonpartisan Congressional Budget Office estimates that if we stay on our current path, federal debt … Continue reading

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Refuting Reaganomics, Part 2 – The Laffer Curve, Growth, and Inequality

(Return to the Contents Topics page.) (Sunshine State News) In the United States, trickle-down theory’s insistence that a more progressive tax structure would compromise economic growth has long blocked attempts to provide valued public services. Thus, although every other industrial country provides … Continue reading

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Refuting Reaganomics, Part 1 – Fantasy, the Laffer Curve, and “Supply Side” Ideology

(Return to the Contents Topics page.) Like one of those Hollywood monsters that cannot be killed, the once-ridiculed Laffer Curve has again come back from the dead to haunt the current tax cut debate just in time for Halloween and the November … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Reaganomics | 9 Comments

Obsessing on Economic Reality

(Return to the Contents Topics page.) “My wife once told me that the thing to remember about your own obsession,” a friend recently told me, “is that it’s not the same as other people’s obsessions.”  (My obsession especially, he tactfully declined to … Continue reading

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The Looming Debt Limit Crisis

(Return to the Contents Topics page.) After thirty years of rising income and wealth inequality and federal debt, and declining prosperity, the U.S. is now poised on the brink of an economic disaster.  The legal limit on the amount of … Continue reading

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Reaganomics

(Return to the Contents Topics page.) Running Out of Gas – Current indications confirm that trickle-down economics has caused the loss of growth and prosperity and widening inequality, and is dragging America inevitably into Great Depression #2. Be Afraid – The same … Continue reading

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A Ray of Hope

          On April 21, Ed Schultz had as a guest on his show Michael Steele, the former Republican National Committee (RNC) Chairman.  The hot issues for discussion were tax cuts for the rich and budget cuts for everyone else.  Steele of course … Continue reading

Posted in Labor & Unions, Reaganomics, Taxation | Leave a comment

The Reaganomics Tax Argument

(Return to the Contents Topics page.) In his Farewell Address to the Nation on January 12, 1989, entitled “Believe in Ourselves and the Future Will Be Ours,” [1] President Reagan said this with respect to his economic policies: “[F]rom the … Continue reading

Posted in Econ 101, Economics, Reaganomics | 1 Comment

Rejecting Reaganomics

(Return to the Contents Topics page.) “The ‘science’ of economics today is not merely an institutionalized form of neo-feudal philosophy, nor is it merely an ideology of darkness that erects institutions to promote more darkness.  It has become a form … Continue reading

Posted in - FEATURED POSTS -, Reaganomics | 10 Comments