Economic History

« Previous Entries

Socialist Ghosts

Saturday, October 10th, 2020

Clever politicians have turned socialism into a frightening ghost.  It has replaced terrorism as the catchall phrase.   Should we get our pitch forks and kill this really scary monster?  Maybe, but be careful what you kill.  You might just kill a friend. Socialism simply means public ownership of property.  No more.  No less.  Governments turned […]

Donald Defunds Social Security

Thursday, August 13th, 2020

Donald Trump issued an Executive order defunding Social Security of the next 4 months.  In 1936 President Franklyn D. Roosevelt signed the Social Security Act into law.  It was the first permanent piece of social welfare legislation. It has stabilized the lives of our seniors ever since. The Social Security Administration, an agency of the […]

Heal the Pain

Thursday, July 30th, 2020

How do we react to pain?  Do we treat it or ignore it?  The answer to this question is at the heart of the argument between liberals and conservatives. In October of 1929 Wall Street crashed.  The financial markets froze as speculators could not pay their loans.  Banks lost income and failed.  Bank failures wiped […]

Defend Security, Medicare, and our Public schools.

Monday, February 24th, 2020

Make no mistake, the real targets of the “socialist” scare word are Social Security, Medicare, and our public schools. If these are privatized, billions more dollars will flow to the top 1% rather than into needed services. Stop the scam. If you receive a pay check from a local school board, a city, tribe a […]

Home of the Brave

Saturday, February 22nd, 2020

“People who have opportunity to work and earn, and who have an assured income in their old age, are free. They are free of the fear of poverty. They are free of public or private charity. They can live happier, more useful lives. That’s real freedom. And that is something we should be proud of-that’s […]

An Illustrated History of My Conversations with Conservatives.

Saturday, February 3rd, 2018

I Give Thanks

Thursday, November 23rd, 2017

It’s always a good thing to stop and examine our lives.  Thanksgiving reminds us to see all we have instead of what we lack.  Many of us get into the bad habit of concentrating on the negative instead of the positive.   Today, Modern America provides many reasons to give thanks. If we take a short […]

Conservatives Really Don’t Care About the Deficit

Tuesday, May 10th, 2016

 Just like Reagan, Trump does not care abut the debt or the deficit. Throw money at rich people, and it’ll trickle down. The revenue losses understate the total effect on the national debt because they do not include the additional interest that would accrue as a result. Including interest costs, the proposal would add $11.2 […]

Obama, Debt and History

Thursday, October 18th, 2012

Obama is not perfect, but we have 4000 years of human civilization to tell us he is on the right side. No society, including the Soviet Union, had a hard time making sure a few people are rich and powerful. Only Liberal American (1932-1968) and those Nasty European Social Democracies found a way to allow […]

Krugman’s EUROmess Summary

Saturday, February 25th, 2012

“There are basically three stories about the euro crisis in wide circulation: the Republican story, the German story, and the truth.” The Republican story is that it’s all about excessive welfare states. OK, the German story is that it’s about fiscal profligacy, running excessive deficits. Finally, let’s look at the balance of payments — the […]

« Previous Entries