Reagan Revolution: Redistributing Wealth Since 1980

Sunday, April 29th, 2012

When the Reagan Revolution started dismantling the New Deal, it prioritized laws and regulations designed to protect workers and their income. Human history teachers that it’s easy to make a few people wealthy. It’s much harder to build a middle class society. Liberals did just that after WWII. Now the Middle Class is being crushed […]

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 […]

The Bell Tolls for Europe, Who Will listen?

Tuesday, February 21st, 2012

No man is an island, entire of itself…any man’s death diminishes me, because I am involved in mankind; and therefore never send to know for whom the bell tolls; it tolls for thee. John Donne (1572-1631) Europe is slowly committing suicide.  After 50 years of seeking a common path forward, nationalism is dividing Europe once […]

Federal Government Prevents Another Recession

Friday, February 17th, 2012

Why is Europe sliding into recession and we are staying above water?  The Federal Government.  Europe is essentially a confederation; it is multiple states with a single currency.  Unlike the US they have no central government or bank to off set the cuts in individual states.  As Paul Krugman explains, the US federal government should […]

the problem we have with conservative politicians and economists

Friday, October 7th, 2011

Krugman explains the problem we have with conservative politicians and economists. And this in turn tells you something about the people pushing this stuff. They had a model; it made predictions; the predictions were utterly, totally wrong; and they have just dug in further. It does not matter what the issue is. Over and over […]