Posted on 04 October 2011. Tags: Austerity, Catfood Commission, Debt, Deficit, Democrats, Depression, Europe, Financial Times, Fiscal Stimulus, Jobs, Martin Wolf, Republicans, The Economist, United Kingdom, United States, Working Life
You can smell the fear and the alarms going off–not by reading The Nation (snore…kick me when it has something new to say) or The New York Times, whose "economic" reporters, with one or two exceptions, are astonishingly dumb. For some real insights, look to the Financial Times and The Economist. And the message […]
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Posted in General Interest
Posted on 07 January 2011. Tags: China, Economy, Growth, India, Martin Wolf
While a bunch of elected "leaders" engage in a childish game of theater (reading the Constitution), while we flush down the toilet trillions of dollars in wealth on immoral wars, while one half of the working class is being turned against the other half and unions are being blamed for ills created by the incompetent, […]
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Posted in General Interest
Posted on 27 November 2010. Tags: Alan Simpson, Assets, Debt, Deficit Commission, Deficits, Erskine Bowles, Financial Times, Hysteria, Martin Wolf, Nonsense, Tax Cuts
This coming week, the drumbeat will get louder with the rhetoric about the phony government debt/deficit "crisis". I’ll be writing more about this in conjunction with my new book, "It’s Not Raining, We’re Getting Peed On: The Scam of the Deficit Crisis". Today, I thought I’d focus on this specific point: debt is not a […]
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Posted in General Interest
Posted on 22 April 2009. Tags: Barack Obama, Financial Crisis, IMF, Martin Wolf, Mexico, NAFTA, Wages
In the bigger sense, these two things are related. First, a week ago, I asked whether the president will keep his campaign promise about renegotating NAFTA. The answer seems to be "no": The administration has no present plans to reopen negotiations on the North American Free Trade Agreement to add labor and environmental protections, […]
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Posted in General Interest
Posted on 10 March 2009. Tags: "Free Market", "Free Trade", capitalism, Financial Crisis, Financial Times, Martin Wolf, Productivity, Wages
Yes, that is the underlying message delivered today by one of the world’s leading financial publications. For many of us, this is no surprise: you had to be truly ignorant to pretend like the economic system was a success just based on the growing divide between rich and poor over the past decade, and […]
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Posted in General Interest