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Category Archives: Economics

A % here and a % there and pretty soon you’re talking about real money

It goes without saying that Paul Ryan and the Republicans are lying when they claim their tax bill is designed to benefit the middle class. Okay, some of them may not be lying. Some of them may be so stupid that they believe the bullshit Ryan is peddling but, same difference. If you’re a Member […]

Redistribution, Republican style

Dean Baker sets the record straight about the Republican’s alleged aversion to redistribution: Matt O’Brien’s Wonkblog piece might have misled readers on Republicans views on the role of government. O’Brien argued that the reason that the Republicans have such a hard time designing a workable health care plan is: “Republicans are philosophically opposed to redistribution, […]

An idea whose time has long since come

I read about this several years ago, and unless my aging mind is letting me down, I wrote a post or two about it, at or around the time when the bankers destroyed the economy: Across the country, community activists, mayors, city council members, and more are waking up to the power and the promise […]

Market forces

Surely anyone reading this blog has read a lot of stories making this basic point: There’s a reason that Donald Trump didn’t have a crowd of wind power workers standing behind him at his rallies, and it goes beyond just his disdain for windmills off the coast of his Scottish golf course. The reason is […]

Uber uber alles?

There is nothing I like more than having my own preconceptions validated, so I direct your attention to a series of articles (now concluded) at Naked Capitalism about Uber. I’ve always detested Uber, because every fiber of my being believed it was simply a device to shift money from the bottom to the top. Taxi […]

Running in place, and other observations

“Now here, you see, it takes all the running you can do, to keep in the same place. If you want to get somewhere else, you must run at least twice as fast as that!” Lewis Carroll, Through the Looking Glass This quote came to mind when I stumbled on this post by Wolf Richter, […]

Trade talk

A diarist at Kos asks what the fact that Trump is “running to the left” of Hillary on the TPP means. I found this post interesting for a number of reasons. First, opposition to the TPP is not necessarily a “left” position. If it is, it is a position in which the left and right […]

Why we really need the TPP

Shouldn’t this have been front page news: On June 24, foreign oil company TransCanada filed a lawsuit against the U.S. under NAFTA, the North American Free Trade Agreement, arguing that the U.S. rejection of the Keystone XL pipeline violated NAFTA’s broad rights for foreign investors by thwarting the company’s “expectations.” As compensation, TransCanada is demanding […]


The Brexit vote is all over the news, at least it was a day or so ago, and there are no end of explanations to why the British voted the way they did. It was a fairly unique situation. The right had reasons to support an exit, given the anti-immigrant posturing of some of the […]

Impressive stupidity

Ask yourself, is there a tax break that benefits the rich that is so overwhelmingly stupid that even the Oklahoma legislature would repeal it? Believe it or not, the answer is yes. Last week, the Oklahoma legislature sent Gov. Mary Fallin a bill—at her request—eliminating just such a break: a state income tax deduction for […]