Category Archives: Uncategorized

Trump’s Presidency and Our Economic Future: Part 1 – The Election’s Import

  Donald Trump’s stunning victory over Hillary Clinton has thrown traditional political analysis into fits of frenzied confusion. Although it is just beginning, analysis is already marked by high levels of fear and anger on the left, and of enthusiasm … Continue reading

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The True and the Untrue: Reflections on WestWorld

Halloween 2016 has just arrived, to be followed in a week with a very scary election day. The impression that we may be choosing between life and imminent death and destruction is nurtured by the TV advertising from both sides. … Continue reading

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The Grizzly Political Cost of Bad Economics

After Thursday night’s debate in Brooklyn between Bernie Sanders and Hillary Clinton, analysis focused mainly on candidate attitude and demeanor. How did each candidate perform? Was Sanders too sarcastic? Was Clinton too evasive? The reality is that strong language, frequent … Continue reading

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Economic Decline and the Failure of Politics in 2016

I’m over seventy years old, and in my view the 2016 election cycle is easily the strangest, and probably the most historically significant, of my lifetime.  The U.S and world economic and political situation is more dangerous today than it … Continue reading

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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

Inequality Made Easy: The Basics of Redistribution

In my last post, I set forth what I called “the Quantity Theory of Inequality.” Looking it over, I see that it may seem too technical for many people to focus on, so I decided to summarize how inequality works, … Continue reading

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Saez and Zucman: Telling the Truth About Wealth Inequality

It was high in the beginning of the twentieth century, fell from 1929 to 1978, and has continuously increased since then. The rise of wealth inequality is almost entirely due to the rise of the top 0.1% wealth share, from … Continue reading

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Amygdalas Economicus: Perspectives on Taxation

(Return to the Contents Topics page.) (Illustration by John Berkerly for The Economist, July 16, 2009) To understand how the rich and powerful managed to replace the “invisible hand” of the open market with the invisible fist of their autocratic institutions, we have…

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Finding a New Macroeconomics: (10) Reinhart, Rogoff, and Redistribution

An insistent question of our time is, how much government debt is too much. Is there some debt level that becomes crushing as opposed to merely costly? The controversy over research by economists Carmen Reinhart and Kenneth Rogoff shows how…

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Pixie Dust

[Note – This is a re-posted article, originally posted here on 2/13/13.] (Pixie by Dawny Dawn) The “science” of economics today is not merely and institutionalized form of neo-feudal philosophy, nor is it merely an ideology of darkness that erects … Continue reading

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2013 — The Ugly, The Bad and The Good

It’s late morning of the last day of 2013 as I make my contribution to the year’s summary. I’m doing Sergio Leone’s iconic title backwards because I want to end on an up note.  Not an optimist by nature, I … Continue reading

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Economic Reflections on the 50th Anniversity of the March on Washington

     Later this week I will post an analysis I have done, for my book-in-progress on the economics of inequality, on the relationship between the redistribution of wealth and income and the crisis in higher education. To the best of … Continue reading

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Much Confusion Over Health Care

(Return to the Contents Topics page.) Here’s a recent “letter to the editor” we want to pass along, submitted by one of our guest bloggers, Janet Spitz, to the Albany Times Union (July 11, 2012).  Janet summarizes how “Obamacare” affects taxes, health insurance … Continue reading

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An Obituary

(Return to the Contents Topics page.)  The Candy Perfume Boy There are two topics we avoid like the plague — death and taxes.  Well, one topic.  But we have recently learned of the passing of an icon so noteworthy that, although we … Continue reading

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The Fallacy of the Republican Budget

            After writing the note about Michael Moore’s speech in Wisconsin, I realized it would be a good idea to explain in more detail why the Republican budget is exactly the wrong approach for economic recovery and deficit reduction.  It’s important to … Continue reading

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