We need austerity. We can’t afford our Oligarchs any more.

The rich are planning to hang onto their wealth and domination, and that is bad for at least 1.8 billion people.

One-trick ponies and one-foot bike riders; a story of right-wing economists.

In the New York Times Economists Bowl, I call it Princeton 2, Harvard 0.

It won’t be easy to reunite Labor and the Left to pursue progressive economic policies. There is a lot of bad history between the groups.

The President thinks he can do business with anarcho-rightists. It won’t happen. The wreckers will destroy the economy rather than “do business”.

Protecting banksters from the consequences of their fraud insures massive unemployment for the foreseeable future. The Government has alternatives, but it won’t put them into action. Obama raised $2.4 million dollars for his reelection campaign from Wall Street. No one goes to jail.

Conservatives loathe Keynes, but they have no answer to the inexorable logic of his book. That makes them push their idiot theories even harder. That will be great for the rich, and screw the rest of us.

Casey Mulligan is a wonderful case study for Yves Smith’s book, ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism.

Tax the rich or face worsening standards of living. It’s that simple.