Economic Policy

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It’s the Market Stupid

Wednesday, May 11th, 2022

One year and 4 months after Donald Trump took occupancy of the White House, gas price averages rose from $2.46 to $2.99 per gallon.  Two years later, in May 2020, the average price per gallon had fallen to $1.96. What causes these wild swings?  What had Donald done in office? Nothing. Oil companies, not the […]

Break Big Oil’s Monopoly

Thursday, March 17th, 2022

Insanity is doing the same thing over and over, expecting a different result. The first oil shock happened in 1973. Energy prices are set by “the market. The global energy market keeps failing us. We have known the market is failing us for 49 years.  We know what can fix it: conservation and competition.  Conservatives […]

Natural Monopolies

Friday, March 11th, 2022

In 1776, Adam Smith published a ground breaking book, The Wealth of Nations. Smith introduced the French phrase laissez-faire to the English speaking world.  The phrase best translates as “free market.” Smith criticized European monarchs for subsidizing domestic production and granting monopolies for foreign trade. He argued that monarch redistributed income from small farmers and […]

Build Back Better

Thursday, December 9th, 2021

President Joe Biden won the 2020 election by promising that America would Build Back Better.  Slowly, the Democratic Congress has been fulfilling that promise. A big step occurred last month.  Democrats crafted a bi-partisan infrastructure bill.  It included $110 billion for building, repairing, and replacing roads, bridges and bicycle paths. The infrastructure bill also included […]

Building a Brighter Future

Thursday, November 11th, 2021

Last week America won.  It received strong news about the present economy and the outlook for the future.   President Joe Biden and the Democratic Congress delivered on their promise to create and improve American jobs. The CNBC headline read “Job creation roars back in October as payrolls rise by 531,000.”  This rate of job creation […]

Earth Race

Thursday, October 21st, 2021

You don’t have to listen long to hear what workers are saying about their lives.  Their hours are long. Their pay is stagnant. They want more time with their children. They live one healthcare emergency away from bankruptcy. Millionaires and billionaires, however, have never had it better.  They have the lowest tax rate since the […]

I’m Not Scared of Words

Tuesday, October 12th, 2021

Every time we turn around Fox News and the rest of the professional conservatives cry like babies about scary socialism.  It doesn’t take much education to know they haven’t a clue what socialism is.  They simply want to scare and paralyze American. In the early 1900’s apartment and factory fires killed thousands.  As a society […]

Seeds of Sedition

Thursday, July 29th, 2021

The January 6 attack on American Democracy grew from seeds planted 40 years earlier.  In the 1980s conservative activists created incendiary rhetoric to attack our government.  Since the New Deal, conservatives had lost to a wave of progressive legislation.  The Federal Government improved the lives of seniors with Social Security and Medicare.  It improved the […]

Unreliable Energy

Thursday, June 17th, 2021

Here we go again.  ERCOT, Electric Reliability Council of Texas, has warned us that the Texas power grid is about to fail.  That doesn’t sound very reliable to me. It must sound reliable to Greg Abbot and Dan Patrick. They failed to provide solutions in the last legislative session.  A few ERCOT Board members did […]

Opposite Day Shouldn’t Be Everyday

Thursday, May 13th, 2021

Every once in a while, when they were young, my boys would play “Opposite Day.”  It was game about saying one thing, but meaning another.  For example, if you want to someone to “stay,” you would say “go.”  If you wanted the TV “on,” you would ask someone to turn it “off.”  The game is […]

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