Category Archives: Wealth and Income Inequality

“Normalizing” Trump: The Great Escape (From Reality)

I write this post at the end of 2016. Today is New Year’s Eve, and I reflect on surviving my 72nd birthday and another Christmas.  The holidays have been relatively nice, enjoyed with family and friends. There was a fresh … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Freedom and Democracy, Government in Society, Politics, Wealth and Income Inequality | 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

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

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

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

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 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

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

Inequality, and the Next Crash

Every day articles appear in news media that remind me of the consequences of income and wealth concentration at the top. A front-page article in today’s (6/8/15) New York Times, for example, is entitled: “States Confront Wide Budget Gaps Even … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Economics, State & Local Government, Taxation, Wealth and Income Inequality | Leave a comment

The Quantity Theory of Inequality

For the last several years, I have been among a small group of economic professionals arguing that income and wealth inequality is America’s most pressing problem, and beyond that, the way the economy works, that the distribution of income and … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Action Plans, Econ 101, Economics, Perspectives, Wealth and Income Inequality | Leave a comment

Dynamic Scoring: Delusion, Danger, and Disaster

On the very first day of the 114th Congress, U.S. House leadership adopted a new, hyper-partisan and hyper-political rule that has the potential to add billions on top of billions to the federal deficit with every bill that passes. So-called “dynamic … Continue reading

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

Inequality and Growth: Two Sides of the Same Coin

[Note – This article was originally published on 3/29/2014.]   In a cogent and extremely relevant article posted on January 16, 2014 (here), Neil Buchanan asked: Where Have the Academic Experts Been Hiding? Here’s the part I want to talk about: The Role of … Continue reading

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

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

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