The Blue Dogs’ Game
I remember quite clearly a very honest discussion I had with a Member of Congress at an event about six months before the 2008 mid-term elections. I’ve known this person for a few years and I...
View ArticleWhat Planet Do They Live On?
This guy–Allan H. Meltzer, a political economist at Carnegie Mellon University–is seriously delusional: Mr. Meltzer says the risk lies not in pulling back too soon but dithering too long. And he...
View ArticleChicken Little and The Dollar
The obsession with the value of the dollar is kind of goofy. More than three years ago, not for the first time, I suggested that it would actually be a good thing if the value of the dollar declined...
View ArticleThe Recovery Myth: The Banks
I will continue to post and argue, until proven otherwise, that there is no recovery–that it is a myth. I am an optimist by nature but I also believe in dealing with actual reality (I know, that is...
View ArticleBank Reform, Here and There
Some random notes on the debate over reforming the financial system. The Brits continue to lead the charge on the bank tax–perhaps driven by the fast-approaching elections in which, if you believe...
View ArticleThe Hostage Crisis–We Are All Captives
For those of you who might remember the days of the Carter Administration when the U.S. embassy workers in Teheran were held under lock and key for a very long time–"Nightline" got its ratings...
View ArticleThe Fetish of The Dollar: A Lower Dollar Is GOOD
For all of those people who criticize empire and for those out there who correctly worry about the unequal distribution of economic power, come close and absorb another truth: the obsession around...
View ArticleDeficits Are No Threat
A number of people–including your truly–have been making the point for a long time that there is no debt and deficit "crisis". The problem is that there is a bi-partisan obsession with the phony...
View ArticleA COUNTRY is not a COMPANY: CEOs Should Sit Down And Shut Up
I am continuously amazed by the reverence accorded company bosses. Put aside the incompetent ones, who get huge severance packages when they leave, or those who have looted their companies of tens...
View ArticleBillionaires LOVE Austerity–King Bloomberg’s Pile of Nonsense
Billions of dollars can buy you a lot–for example, a little toy called New York City that you pocket for yourself and, then, keep for yourself even when the rules say it’s time to go (hey, if you’ve...
View ArticleKrugman to Catfood Commission: Austerity Is A Failure
Paul Krugman wasn’t actually writing directly to the Catfood Commission II (speaking for myself, I decline to use a superlative being used by many to describe the Congressional fool’s gathering...
View ArticleKrugman Joins In With A “Rejoice When They Fail” Hug
One of the things I’ve said, only half-jokingly, to a bunch of radio stations and in numerous posts (including just a couple of days ago) is that I am not a religious person but I get down on my...
View ArticleKrugman: “OWS Has Done A Great Service”, Wall St Committed Crimes
A few months ago, I spent 5-6 hours interviewing Paul Krugman for Playboy magazine. It’s now on-line here. He speaks candidly–surprise–about the economic misdeeds of Wall Street, the foolishness of...
View ArticleCuomo’s 2016 Path to the White House: Kill The Middle Class
If you are one who is already bored by the 2012 elections and the rhetorical, mind-numbing repetition, here’s a little taste of what you can expect all the way into the distant future of 2016. The...
View ArticleBusiness Execs Aren’t Fit To Run The Country
The barrage against Mitt Romney’s record as the chief executive of a hedge fund is head-shaking. Not because it isn’t legitimate to probe his record of job creation or destruction while at the helm of...
View ArticleHallucinations
It is always a curious phenomena to watch people pretend as if facts don’t matter. Ideology trumps reality. The debt crisis is a great example. If people actually looked at the facts, they would have...
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