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EconoSpeak

The Econospeak blog, which succeeded MaxSpeak (co-founded by Barkley Rosser, a Professor of Economics at James Madison University and Max Sawicky, an economist at the Economic Policy Institute) is a multi-author blog . Self-described as “annals of the economically incorrect”, this frequently updated blog analyzes daily news from an economic perspective, but requires a strong economics background.

Is China Now Number One?

 Actually I think focusing on such questions can be a not very useful exercise, but here I am asking it anyway.  As it is, indeed the Peoples' Republic of China (PRC) is indeed Number One on a number of important grounds, although probably the bottom line is that the world is now dominated by a G2, the US and China, with it unclear which is Number One overall.  What has happened is that up until quite recently there was no question: the US was Number One as it had been for a long time.  That...

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The Oregon Republican Party Issues a Condemnation

 You have to read it to believe it.  An excerpt:Whereas history tells us that after George Washington appointed Major General Benedict Arnold to command West Point, Arnold conspired to surrender the fort to the British; andWhereas the ten Republican House members, by voting to impeach President Trump, repeated history by conspiring to surrender our nation to Leftist forces seeking to establish a dictatorship void of all cherished freedoms and liberties....Whereas there is growing evidence...

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Is Biden Going To Blow Reentering The Iran Nuclear Deal?

I certainly hope not, but it is not out of the question.  There is a serious split within the new Biden administration over how to approach getting the US back into the JCPOA nuclear deal with Iran, which, just for the record, the US withdrew from even though it was the US that had violated it by not fully withdrawing economic sanctions against Iran, a decision made during the Obama administration that negotiated the deal, while Iran was not in violation and continued to adhere to it for...

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Why Has AMLO Delayed Congratulating Biden On His Inauguration?

 Maybe he has now done it, although I have been unable to find any reports of him doing so.  But almost alone among world leaders, I think joined only by Kim Jong Un of North Korea, Mexicos's President known as "AMLO" did not basically immediately congratulate Joe Biden on his inauguration. Even very pro-Trump Brazilian President Bolsonaro did, expressing a hope to have good and beneficial relations between the US and Brazil, and although it was rather perfunctory and unenthusiastic, so did...

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Extending START

 It is not a big headline story among all the other things newly inaugurated Joe Biden is doing, but it is being reported that despite a generally more hostile approach to Russia, he has agreed with what Russian President Putin has said he wants, which is to simply extend the current nuclear weapons START agreement for five more years. It is possible that out of annoyance with Biden Putin might somehow at this point create a roadblock for this very important decision, but given that the...

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Don’t get too close!

Politico on Fauci:One day into the Biden presidency, the longtime infectious disease expert described it as “a refreshing experience.”Shouldn't we have a disease expert who is not infectious?! Just sayin'.At any rate, I realized yesterday that I have been in a foul mood for 4 years.  No longer!  We have finally rid ourselves of a Horse's Ass and replaced him with an actual President.

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This MAGAzine of Untruth

With two days left in Trump's term, the cultural Marxism myth that inspired the Oslo and Christchurch terrorists has become official White House dogma.Here is my twitter thread that cites seven of my EconoSpeak articles, going back to 2015, about the pernicious myth: This MAGAzine of untruth: "The 1776 Report" channels terrorist Anders BreivikPolitics of Pastiche: "voters... need someone to fire all the political-correct police"https://t.co/EiPeBoOGfx pic.twitter.com/75CJTX3ZTz— Charles...

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Will North Korea Explode After Biden Becomes President?

 This is what was forecast in a column in the Washington Post by Victor Cha. He sees a combination of economic collapse, massive spread of Covid-19, and a standard desire when a new US president to enter office to be behind a possible outbreak of military assertiveness, possibly exacerbated by a much more serious collapse of the DPRK economy and society.  I suspect this is overdone, but there are definitely some major problems going on there, with much of the new attention on this coming out...

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Rescuing Disposable Time from Oblivion

Two hundred years ago this February, Charles Wentworth Dilke anonymously published a pamphlet titled The Source and Remedy of the National Difficulties, deduced from principles of political economy. Four decades later, Karl Marx would describe the pamphlet in his notes as an "important advance on Ricardo." In his preface to volume two of Capital, Friedrich Engels described the pamphlet as the "farthest outpost of an entire literature which in the twenties turned the Ricardian theory of value...

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Happy Birthday MLK!

 While the official holiday is coming up on Monday, today is the actual 92nd birthday of the Reverand Dr. Martin Luther King, Jr.  Happy birthday, MLK!More than most this is one where if he were alive he would be especially pleased and proud.  Ten days ago a successor to him and his father as a minister at the famous and historic Ebenezer Baptist Church in Atlanta, Rafael Warnock, was elected to represent the state of Georgia in the United States Senate, something he could only dream about. ...

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