By investigating how these myths arose, why they gained traction, how to know they’re wrong, and what damage they’ve done, Jeff Madrick demands that we rethink what we imagine we know about economics, and suggests that we can prevent or, failing that, effectively solve the next Great Recession by tossing the old, bad ideas out and adopting an updated understanding of the dynamics involved in a prosperous, equitable, sustainable economy. It may take a lot to get policymakers, media, and the world to question and reject the proclamations of MIT and Harvard economists, but Madrick’s book hopes to contribute to that effort.
|By: Jesse Myerson Saturday November 29, 2014 1:59 pm|
|By: cocktailhag Thursday October 10, 2013 8:00 pm|
It’s become commonplace in what remains of the mainstream media to say that the Republican Party has moved so far to the right that even St. Ronnie wouldn’t make the cut, which is true as far as it goes. But thanks to Reaganism, it doesn’t need Ronnie anymore.
|By: Peterr Saturday September 28, 2013 11:30 am|
These are good times for those who practice wingnuttery and those who observe them, as there is plenty of wingnuttery on display. Sadly, this exacts a cost, either in the idiotic policies and practices foisted upon society (see almost anything enacted at the urging of the NRA), or in the time and energy that must be wasted to beat back these idiocies (see Krugman, Paul “the Shrill One”). No, popcorn is not an option. It’s no surprise, then, that my thoughts have been turning to Charles Pierce.
Yours should too.
|By: Attaturk Monday May 20, 2013 1:30 am|
Ah, the “War on Terror” has anything ever been more profitable?
|By: Peterr Saturday January 5, 2013 9:11 am|
Tim Huelskamp (FarRightR-Brownbackistan01) has been in the news lately for standing up to John Boehner (NotQuiteSoFarRightR). Last month, Boehner kicked Huelskamp off the House Agriculture committee, leaving Kansas without a member of that committee for the first time in 150 years. Note, please, that Huelskamp prides himself on being a farmer first, and Huelskamp’s most favorite map (his vast congressional district) is packed with farms, so this hurts him not just in his ego, but in his ability to deliver for his constituents.
Given another map that’s making the rounds these days, that ought to make his constituents, very nervous, if not very angry.
|By: ThirdandState Friday December 21, 2012 5:01 pm|
The Pennsylvania Budget and Policy Center is out today with a new analysis finding that President Obamaâs plan to end federal tax cuts for high-income earners would have very little impact on taxpayers in most Pennsylvania counties.
|By: Jon Walker Friday April 6, 2012 8:30 am|
If you are truly worried about the budget deficit, which is an idiotic thing to actually be worried about at a time of incredibly low government borrowing rates and high unemployment, the place to start would be looking at the basic outline of the federal budget.
|By: ThirdandState Friday February 3, 2012 3:15 pm|
War has broken out between West Virginia, Ohio and Pennsylvania over who can give away more tax dollars to Shell Oil.
|By: ThirdandState Friday January 27, 2012 7:11 pm|
Today is Earned Income Tax Credit (EITC) awareness day!
|By: Peterr Saturday September 10, 2011 9:04 am|
On the eve of the tenth anniversary of 9/11, my thoughts turn to peace. It’s hard to keep them there, though, because of the chorus of voices that scream for violence and war.
I grieve for those who died ten years ago in New York, DC, and Pennsylvania, as well as all who have died — and continue to die — in the wars spawned out of that attack. I long for the day when military fly-overs at football games become a thing of the past, and our cities have more statues to teachers than generals.
But the cheers for executions, and the willingness to spend billions of dollars on weapons to dole out death but mere pennies on social services that preserve life in one way or another for the most needy among us tell me that the day I long for is quite a ways off.