Not Accurate

Not Accurate BuzzFeed’s description of specific statements to the special counsel’s office, and characterization of documents and testimony obtained by this office, regarding Michael Cohen’s congressional testimony are not accurate. — Office of the Special Counsel. If this is the first story the special counsel has felt compelled to dispute, … [Read More...]

Is the “Green New Deal” a Marxist Plot?

At the CEPR blog, Beat the Press, Dean Baker and Jason Hickel are debating degrowth. Dean makes the excellent point that “claims about growth” from oil companies and politicians who oppose policies to restrict greenhouse gas emissions, “are just window dressing.” I also agree, however, with the … [Read More...]

Business As Usual: Running on Empty

A little over a year ago, Robert Watson, former chair of the IPCC, and two co-authors published a report titled “The Economic Case for Climate Action in the United States.” Based on trends over the past few decades, the authors estimated the current total annual cost in … [Read More...]

“What Keynes Ignored”

“What Keynes Ignored” Ruth Sutherland wrote in The Daily Mail a couple of days ago: Here is how Keynes “ignored” those “workaholic tendencies”: Yet there is no country and no people, I think, who can look forward to the age of leisure and of abundance without a … [Read More...]

“Deeply Disturbing”

“Deeply Disturbing” It’s not a crime if you brag about it on T.V. In fact, it’s hardly worth mentioning. What is this about? “We don’t know the answer, but we hope the inspector general will find out.” [Read More...]

Job Guarantee versus Work Time Regulation

There has been a bit of commotion recently about the Job Guarantee idea (AKA employer of last resort). I don’t consider myself an opponent of the strategy but I do have several reservations about its political feasibility, the marketing rhetoric of its advocates, and its economic and administrative transparency. … [Read More...]

What Would Jesus Do?

First they coddled the white supremacists with false equivalency, and I didn’t resign from the Trump Evangelical Council because those protesting the white supremacists didn’t have a permit… [Read More...]

“One Hundred Percent” Fake News

“One Hundred Percent” Fake News No, uh-uh, false, wrong. Trump: I’m ’100 percent’ willing to testify under oath — The Hill-2 hours ago Trump: I’m willing to testify under oath about Comey claims — CNN-3 hours ago Trump willing to testify to counter Comey under oath … [Read More...]

The Boundless Thirst for Surplus-Labor

September 22, 1956 November 7, 1960 QUESTION. This is from Mr. White, Warren, Mich. What is your stand on the 32-hour workweek? Vice President NIXON: Well, the 32-hour workweek just isn’t a possibility at the present time. I made a speech back in the 1956 campaign when I indicated that as we went into … [Read More...]

Fuck You’s Inaugural Address

Dave Moss: What’s your name? ; Blake: Fuck you. That’s my name. You know why, mister? ‘Cause you drove a Hyundai to get here tonight. I drove an $80,000 BMW. THAT’s my name. Long before Alec Baldwin did his Saturday Night Live impression of Donald J. Trump, … [Read More...]

T. Rex: Engineering Fantasies

Global warming? “It’s an engineering problem, and it has engineering solutions.” According to Rex Tillerson, Donald Trump’s choice for Secretary of State, adapting to climate change is an engineering problem that has an engineering solution. A soundbite from a Council on Foreign Relations presentation by Tillerson … [Read More...]

Comic Book Hayek:The Planners Promise Utopia

In his neo-Confederate “Mein Kampf,” Whither Solid South, Charles Wallace Collins quoted a full paragraph from Hayek’s The Road to Serfdom regarding the emptying out of the meaning of words. My instinct would be not to condemn Hayek for the politics of those who quote him. … [Read More...]

From Full Employment To “Inclusive Growth”

This is the third of three posts on full employment. The unifying thread is that “full employment” has always been a political and not an economic problem. The first two posts were The Electoral College, White Supremacy and Full Employment as “Reign of Terror” and Full Employment and … [Read More...]