By Michael Hoexter
The psychiatrist and social commentator, Robert Jay Lifton had a far reaching and oddly hopeful op-ed in the New York Times, in which he comments upon a “climate swerve” in public opinion. While the United States still leads the world in climate denial and Republicans are seemingly still united around denying the human contribution to climate destabilization, Lifton points out that recent polls have shown that:
“Americans’ certainty that the earth is warming has increased over the past three years”
“those who think global warming is not happening have become substantially less sure of their position”
Lifton outlines the social psychology of the moment:
“Falsification and denial, while still all too extensive, have come to require more defensive psychic energy and political chicanery”
If you’re reading this you’ve landed near but not at the beginning of my very lengthy series evaluating the fiscal responsibility/irresponsibility of the Governments of the United States (mostly the Congress, the Executive Branch, and the Federal Reserve) by Administration periods, beginning in 1977 – 1981 with the Jimmy Carter period. My first post explained why I chose to start my evaluation with the Carter period, and also laid out my related definitions of fiscal sustainability, and fiscal responsibility.
It explained why fiscal responsibility is closely connected to the idea of public purpose, which I laid out in this post prior to beginning the series. You may want to consult that post, if you want to know what I mean by “public purpose.” I also claimed that the Government of the United States has been fiscally irresponsible in every Administration period since 1977.
Posted in Joe Firestone
Tagged Austerians, austerity, Carter Administration, debt and deficits, Department of Education, Education Reform, expanded policy space, MMT, modern money theory, public purpose, REAL fiscal responsibility
By L. Randall Wray
It is amazing no one has thought of this before. Seven years after the GFC began, we’ve still got up to 25 million people who want jobs but cannot find them. Of course that’s far more than the official unemployment numbers—which don’t count anyone who worked just an hour or so, or who gave up looking altogether.
Gee, I wonder how on earth we can find a solution to joblessness, or to low pay? It is all so complicated. How can we stroke the business class in just the right way to get them to create a job or two? How can we prevent our corporations from taking jobs abroad?
By William K. Black
Floyd Norris, who I once respected, has written an interesting column titled “In China, Detecting Fraud Riskier Than Doing It.” Norris states that China’s hostility to those who expose fraud is so unusual that it is worthy of a column: “It can be very risky to do things in China that are taken for granted in other countries.”
China is different from some other countries. China has no domestic rule of law and no respect for the rule of law in its dealings with other nations. The same is true of Russia. It is important to understand such differences.