EconoSpeak

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...

 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...

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...

 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...

 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?  

 In the wake of the Atlantic story by Jeffrey Goldberg about President Trump reportedly referring to the dead Americans lying in the Aisne-Marne Cemetery near Paris as "losers"  and "suckers," along with a lot of other embarrassing things for him, Trump has called Goldberg a "slimeball" and that that this report is another "hoax" like "the dirty dossier" of Steele, along with "Russia, Russia, Russia" also being a "hoax," of course, despite the recent bipartisan Senate Intelligence Committee...

"Looting is a natural response to the unnatural and inhuman society of commodity abundance." -- Guy Debord, “The Decline and Fall of the Spectacle-Commodity Economy.”The photograph used in Andy Warhol's 1964 print, “Race Riot” was taken by Charles Moore and was published in LIFE magazine in May of 1963. Warhol used it without permission and Moore sued. Eventually there was an out-of-court settlement. The scene depicted was not a "Race Riot" as Warhol's presumably ironic title claimed. It was...

 In today's Washington Post Robert J. Samuelson has raised the possibility that the Federal Reserve may be setting the US up for a reappearance of inflation.  He invoked the 1960s and 1970s when supposedly the Fed allowed inflation to get out of control out of a supposedly misguided effort to bring down unemployment by allowing successive small increases in inflation. Supposedly the newly released report on changed Fed policies may be taking us back to those bad old days, even though for now...

 Assar Lindbeck died on Aug. 28 at the age of 90, probably the most influential Swedish economist of the latter part of the 20th century.  He was the main driving force behind getting the Swedish central bank at the end of the 1960s to establish the Sveriges Riksbank Award in Economic Sciences in Memory of Alfred Nobel, a.k.a., the "Nobel Prize in Economics" (I get increasingly tired of the usual retreads who every fall remind us when the media refers to it by the second name that it...

 Among the items that President Trump issued an "executive action" about three weeks ago was that for people earning less than around $104.000 per year, their fica taxes were to be postponed until Jan. 1, not cut, merely postponed, although Trump made noises that if he is reelected he will simply eliminate the fica tax entirely, although unclear how he plans to fund Social Security without it.  Anyway, Allan Sloan in the Washington Post reports that this initiative is now just completely...