In today's anything-goes political fundraising world, the nation’s super rich and their favored politicos are no longer even going through the motions of maintaining 'separate and independent' campaigns.
The claim of Austrian school economists that "there is no macroeconomics" because the political-economic system at the macro level is explainable in terms of the aggregated attributes and activities of political-economic agents at the micro-level of that system is false, silly, and ignores the findings of many other sciences! more »
Smoke, smoke, smoke, smoke, smoke, smoke, smoke, smoke, smoke, smoke, smoke, smoke, smoke, smoke, smoke, smoke, smoke, smoke. Tax cuts for the 1%, cuts in the things We, the People do for each other. Smoke, smoke, smoke, smoke, smoke, smoke, smoke, smoke, smoke, smoke, smoke, smoke, smoke. more »
Conservatives like to talk about how well the economy did under Reagan, and how poorly it is doing now. Then they say that government "takes money out of the economy." But the difference in economic growth was that under Reagan the government was spending and hiring, and now it isn't. more »
Any resemblance between democracy and U.S. Presidential politics has become, in our new super PAC era, purely coincidental. The only mystery: Why aren't billionaires placing even bigger bets?
Financial industry insiders are grousing about a big downturn in annual bonuses. They should be thanking the rest of us — bombshell new research shows — for their continuing awesome good tidings.
Not all plutocrats scheme in the shadows like the rabidly right-wing Koch brothers. We need to learn how to recognize plutocracy's more subtle putches. The best primer? The battle over education's future.
Yet another poll is out, showing that the public wants taxes raised on the rich and on Wall Street and the giant multi-national corporations, and does not want cuts in the things We, the People do for each other. Other polls show the public wants cuts in military spending, and increases in spending on infrastructure and other job-creation, economy-growing investment. And, in fact, if we did these things the deficit problem -- caused by tax cuts for the rich and increases in military spending -- would be fixed. So why do Washington deficit-reduction plans always do the opposite?
In 1983 NY hotel-chain-owning billionaire Leona Helmsley said, "We don't pay taxes. Only the little people pay taxes..." As our country migrates from democracy to plutocracy, this more and more appears to be official policy. more »
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