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Search Results for: inflation
Jobs Now: Make Obama’s Priority Reality and Expose the Lie of Lazy Laborers
By William K. Black President Obama gave a major speech today on his legislative agenda. He said that the overriding national priority had to be jobs. We agree. David Brooks’ November 8, 2012 column called on the Republican Party to … Continue reading
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Posted in William K. Black
Tagged austerity, fiscal cliff, grand bargain, great betrayal, jobs
Pete Peterson and the Deficit Hawks Teach Lawmakers Deep Fiscal Irresponsibility
By Michael Hoexter, Ph.D. We have come to accept in the Orwellian world of mass communication and media spin that pressure groups and political organizations name themselves in ways that contradict their actual mission.
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Posted in Michael Hoexter
Tagged austerity, deficit hawks, fiscal irresponsibility, peterson
A Counter Narrative to Peterson’s
By Joe Firestone Stephanie Kelton writes: The US is broke. Government deficits are de facto evidence of a government gone wild. We’re careening toward Greece. Entitlements are the root cause of our fiscal woes, and the Chinese are coming for our … Continue reading
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CNBC’s Quick uses Clinton to aim at Krugman, but shoots herself in the foot
By William K. Black (Crossposted at Benzinga.com) Becky Quick is a television co-host of a business entertainment program on CNBC. She has written a column stating that Paul Krugman’s “claim that there is no fiscal crisis isn’t just laughable, it’s … Continue reading
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Pete Peterson Has Won
By Stephanie Kelton The US is broke. Government deficits are de facto evidence of a government gone wild. We’re careening toward Greece. Entitlements are the root cause of our fiscal woes, and the Chinese are coming for our grandchildren. How many … Continue reading
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The NEW USA…. A Thought Experiment
By J.D. Alt Since there seems to be general agreement that our current economic system is fatally bankrupt, it might be interesting to try a simple thought experiment to see if we can forge a more perfect union. Let’s quickly … Continue reading
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Myth Drives the Budget Fuss
By Thornton “Tip” Parker Nearly everyone believes that Uncle Sam is like a family that must get money before it can spend. But that is not true. A basic function of any sovereign government is to create and run the … Continue reading
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Public Briefing: Erskine Bowles Determined to Reduce Private Sector Income, Stifle US Economy – Pt. 1
By Michael Hoexter The electoral competition between Barack Obama and Mitt Romney seems to be largely over and barring an “October Surprise” for Mr. Obama, the attention now shifts to how he and the newly elected Congress will manage the … Continue reading
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Ryan and Romney’s Secret Plan to Cut the Deficit – and why Romney opposes it
By William K. Black (Cross posted at Benzinga.com) My favorite scene from The West Wing is the episode in which the President’s press secretary is recovering from a root canal and Josh Lyman decides to handle a press briefing. Lyman … Continue reading
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Romney is shocked to learn how the Fed creates money
By William K. Black The following passage from the transcript of Governor Romney’s secretly videotaped May 17, 2012 fundraiser has not received any attention in the media. It is a fascinating passage, however, from the perspective of Modern Monetary Theory … Continue reading
