Political Economy category archive
Taking Their Cut 0
Paul Krugman points out that, when it comes to economic policy, Republican orthodoxy is clueless. A nugget:
The record is actually awesomely consistent. Bill Clinton’s tax hike didn’t cause a depression, George W. Bush’s tax cuts didn’t deliver a boom, Jerry Brown’s California tax increase wasn’t “economic suicide,” Sam Brownback’s Kansas tax-cut “experiment” (his term) was a failure.
Nevertheless, Republicans persist.
The Rich Are Different from You and Me 0
They have all the money.
It’s All about the Algorithm 0
David discusses how YouTube’s changing its algorithm is affecting his business model. I’m posting this because I think it is a telling commentary of the state of media today. Although I find David a sane and reasonable commentator–that’s why I from time to time feature his commentary–part of me agrees with Bob Cesca that we need to “bring back the gatekeepers.”
Numbers Don’t Lie . . . 0
. . . but people do.
Giving America the Business 0
The flaw in the foolish notion that “government should be run like a business” is that government is not a business. The purpose of government is manage the affairs to the state and the polity, not to make and sell a product.
Llewellyn King suggests that Donald Trump is the logical outcome of said notion.
Clearly, Trump thought that was what he would do when he took over the United States. His attempts to govern by fiat illustrate that frustration.
The Rich Are Different from You and Me 0
They get to have their own special brand of “socialism,” only don’t you dare call it that.
Robert Reich explains:
If this isn’t socialism, what is it?
Yet it’s a particular form of socialism.
Follow the link to learn more about this “particular form of socialism.”
How Stuff Works, Banking Dept. 0
Thom’s guest explains how the banking system developed and how it works and why you can’t have an economy without government.