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When I wrote my book, Surrender, back in 1998, I was focused on what I called “right wing economics.” As early as 1978, when Representative Jack Kemp introduced what came to be known as a “supply side” tax cut, I had been fascinated by the resurgence of what I had learned in college was a backward and wrong-headed approach to economics
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Have you heard that inflation is raging and is likely to destroy Biden’s presidency? Have you heard Senator Joe Manchin complain about the spending in Biden’s BUILD BACK BETTER BILL? He argues that spending so much money is likely to make the inflation worse and speed the “bankruptcy” of Social Security and Medicare trust funds?
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On July 29, the New York Times published a story entitled, “Temporary Pandemic Safety Net Drives Poverty to a Record Level.” The article noted that the…
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Both the long run and the short run issues of Climate Change were available in bold stark messages the week of June 21-27. To start in the short run, we…
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How many readers have heard of the Zinn Education Project? I am chagrined to report that though it has been doing its good work for over ten years, I just…
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Does everyone know what THE FED is? It is the United States Central Bank. --- the official name is the Federal Reserve System. (The “system” consists of…
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Do you know what ZOMBIE ECONOMICS is? It’s an economic theory that has been proven wrong time and time again but keeps coming back --- as if from the…
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On April 28, President Biden spoke to Congress. He presented arguments in favor of his two big infrastructure proposals: The American Jobs Act and what he…
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On April 14, the first page of the Business Section of the New York Times announced that hundreds of executives, corporations, non-profits, educational…
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I assume everyone reading this already knows the basis of the Republican opposition to the Infrastructure Bill proposed by President Biden. One after the…