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Tag Archives: Economics
Joseph E. Stiglitz on the Economic Crisis : Capitalist Fools
Treasury Secretary Henry Paulson and former Federal Reserve Board chairman Alan Greenspan bookend two decades of economic missteps. Photo illustration by Darrow / Vanity Fair. Behind the debate over remaking U.S. financial policy will be a debate over who’s to … Continue reading
Posted in RagBlog
Tagged Alan Greenspan, Capitalism, Economic Crisis, Economics, Economy, Henry Paulson
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Paul Krugman : What to Do
‘Once the recovery effort is well underway, it will be time to turn to prophylactic measures: reforming the system so that the crisis doesn’t happen again.’By Paul Krugman The following article by educator, New York Times columnist and Nobel prize … Continue reading
Cauldron Bubble : Witch’s Mix of Socialism and Capitalism
‘Our goal is to grow the commons and regulate capitalism, not abolish it.’By David P. Hamilton / The Rag Blog / November 25, 2008 From Friedman to Fidel, all agree. No one seriously argues against some form of mixed economy, … Continue reading
Posted in Rag Bloggers
Tagged Automobile Bailout, Capitalism, Economic Crisis, Economics, General Motors, Obama Presidency, Socialism
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On Adopting China’s Keynesian Economic Policies
John Maynard KeynesThe Triumph of Keynes: China’s Greatest ExportBy Moshe Adler / November 14, 2008 Anyone who is wondering why Chairman Ben Bernanke and Secretary Henry Paulson favor fantastically expensive bailouts of private firms instead of Keynesian policies of direct … Continue reading
Mike Davis : Can Obama See the Grand Canyon?
‘Like the Grand Canyon’s first explorers, we are looking into an unprecedented abyss of economic and social turmoil that confounds our previous perceptions of historical risk.’By Mike Davis / October 19, 2008 Let me begin, very obliquely, with the Grand … Continue reading
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Tagged Economics, FDR, Grand Canyon, Keynes, Mike Davis, New Deal, Obama, Socialism
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Joseph Stiglitz on the Economy : Falling Down
‘London Bridge’ (1616) by Claes Van Visscher. This engraving shows Old London Bridge in 1616, with Southwark Cathedral in the foreground. The spiked heads of executed criminals can be seen above the Southwark gatehouse. Some of Old London Bridge did … Continue reading
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Tagged Border Wall, Depression, Economics, Economy, Finance, Great Depression, History, Recession
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ECONOMICS : John McCain Has Embraced Republican Orthodoxy
The Enforcer: Ronald Reagan brought laissez-faire economics to government.Laissez-Faire Economics? It’s a Code Word for One-Sided InterventionsBy Steven Conn Steven Conn is a professor of history at Ohio State University and a writer for the History News Service. As he … Continue reading
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Tagged Capitalism, Economics, McCain, Reaganomics, Republican Party, Ronald Reagan
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The Death of Reaganomics
Barbara Dane et al / Reaganomics Blues. / Fuse 002Singing the Capitalism BluesBy E.J. Dionne / July 10, 2008 The biggest political story of 2008 is getting little coverage. It involves the collapse of assumptions that have dominated our economic … Continue reading
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Tagged Economics, Globalization, McCain, Presidential Campaign, Reaganomics
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Social Change in America : Learning from History
Populist handbills. A flyer informing workers of a meeting that was to end in the Haymarket Riotof 1886. Police were called in when fighting broke out between striking workers and strikebreakers at the McCormick Harvesting Machine Company in Haymarket, Illinois. … Continue reading
Posted in RagBlog
Tagged Economics, FDR, History, Labor, Labor History, Labor Unions, Left, Michelle Obama, Progressive Movement, Progressives
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