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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.

Open Thread

It annoys me when people "comment" by pasting articles from the media that are unrelated to the original posts they are pasted to. The original post may get 500 or less visits and it is likely the irrelevant article is read by no one -- and certainly not by me. So here is a space for readers to paste articles from the media that they perhaps think no one else has seen. If it is successful in diverting irrelevant pasting, maybe I'll put up an open thread regularly.

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Laughing to keep from Freaking Out

 On the theory that one effective weapon against an Insane Clown Would-be Dictator is ridicule, here is something I wrote a while ago.The Second Coming “This is the greatest president for Jews and for Israel in the history of the world. Not just in America, Trump is the best president for Israel in the history of the world. And the Jewish people love him like he is the King of Israel. They love him like he is the second coming of God." –Wayne Allan Root “I take the gospel whenever it’s...

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“Constitutionalism”

Democratic Despotism: "We find latent in their conception of law— and some have been publicly preaching this view— that law emanates solely from the will of the majority of the people, and can, therefore, be modified at any time to meet majority wishes. This doctrine is absolutely totalitarian, and is contrary to our basic conceptions of the source of law. We have seen that our political system is predicated on the doctrine that there are some immutable laws of nature and certain other...

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The “Trump Effect” On Happiness

 In a column in yesterday's Washington Post, Dana Milbank has written on "Trump has made our lives worse. Here's the proof."  He labels this apparent outcome the "Trump Effect."Since 1972 the National Opinion Research Center (NORC) at the University of Chicago has annually studied the nation's mood. They survey people to find out how they identify their level of happiness. As of this summer an all time record low of 14% declared themselves "very happy." This compares with 29% saying that at...

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The Danger Of Fascism With The Death Of RBG

 I try to avoid these terms like "fascism," but it has become clear that Donald J. Trump actively seeks to become an at least authoritarian leader of the US, indeed openly arguing that the Constitution's limit of only two terms should not hold for him.  We face a clear danger of a contested election that may end up in the Supreme Court. If Trump can put a flunky into the court before the election we may have them putting him in despite a situation where he has clearly lost. And given his...

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Putting the CULTURE back in cultural Marxism

My previous postings on "political correctness" and "cultural Marxism" have from time to time brought inquiries from researchers into the right-wing calumnies against the Frankfurt School. I carry no brief for Herbert Marcuse or Theodore Adorno, although I do have a soft spot for Walter Benjamin, who was not formally a Frankfurter even though he hob-nobbed with them.It so happens that one of my correspondents has written a brief essay defending the conspiracy theory that the Frankfurt School...

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Au Revoir, Robert J. Samuelson

 For quite a few years not so long ago I was regularly posting here variations on "Today is Monday, so on the WaPo editorial page Robert J. (not related to Paul A.)* Samuelson is calling yet again for Social Security benefits to be cut," and he did indeed do that very frequently over a long time.  However, today was his final column for the Washington Post, so we shall no longer have RJS to kick around, sob! It was titled, "Goodbye, readers, and good luck - you'll need it."  There is also a...

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Trump’s Law & Order = Ronnie Thompson’s Shoot First and Ask Questions Later

Summer Concepcion reports on something I find very alarming: President Trump leaned into his self-proclamation of being the President of “law and order” further as he appeared to approve of the “retribution” of federal law enforcement officers fatally shooting a man suspected of killing a pro-Trump supporter amid protests in Portland, during an interview on Fox News that aired Saturday night. After mocking Portland mayor Ted Wheeler for refusing Trump’s offer to send in federal troops to...

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The Bahrain-Israel Mutual Recognition

 This freshly announced mutual recognition follows the one between the UAE and Israel, which set a new pattern, with Bahrain and possibly others (Oman?) predicted to follow.  I am not surprised it was Bahrain that was next, although it may prove to be the only one.  There are several reasons why it was most likely to be next, and why we might not see Oman join in, although that cannot be ruled out.I see three reasons why Bahrain was most likely to be next, although there are really two...

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The Wit and Wisdom of A. Fauci

 From Woodward's book: Fauci says Trump's attention span is a negative number. By the way, is there any group organizing to raise money to pay the "poll-tax" that the egregious Florida Republican legislature and courts are assessing on ex-felons?  

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