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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.

Netanyahu Sinking

While the wise and up-to-date observers declare the two state solution between Israel and Palestine to be deader than dead, I continue to think that morally it is the best solution for this deeeply difficult problem. However, one leading force in sending this solution into the grave is Binyamin Netanyahu, Israel's prime minister, who is up for reelection very shortly. He has for some time been pushing the situation towards a hard nationalist one state solution, with the current Trump admin...

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The Black Bill and the Green New Deal

"When we first came to Washington in 1933," FDR Labor Secretary Francis Perkins wrote in her memoir, The Roosevelt I Knew, "the Black bill was already before the Congress. Introduced by Senator Hugo L. Black, it had received support from many parts of the country and from many representatives and senators."  The Black Bill was the Senate version of the Black-Connery Thirty-Hour Bill. On April 6, 1933, the Senate approved the measure by a vote of 53 to 30. Perkins was scheduled to appear...

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Another Question for the Census

The Trump gang has kicked up a ruckus over its plan to insert a question about citizenship in the 2020 decennial census.  It’s a transparent attempt to reduce the response rate of immigrants, disenfranchising them in reapportionment and government spending formulas, despite the Constitution’s call for an enumeration of “persons”, not citizens.But why stop at citizenship?  When you think about, there is no government interest greater than its ability to collect taxes, the main obstacle to...

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Who Is Really A Socialist?

Here are some varieties of "socialism:" command socialism, market socialism, socialist market economy, social democracy, democratic socialism, right wing socialism, utopian socialism, corporate socialism, just plain vanilla socialism.  Here are some people who have claimed to be socialist, some of them selecting one or another of these types, but some just keeping it plain vanilla generic: Kim Jong-Un, Xi Jinping, Stefan Lofven, Nicolas Maduro, Bernie Sanders, Aexandria Ocasio-Cortez (AOC). ...

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Test Tube Politics: llhan Omar, Anti-Semitism and AIPAC

I don’t think I’ve ever seen a political statement triggering evidence (mixed) about its own truth as dramatically as Ilhan Omar’s quip that pro-Israeli bias in congress is “about the Benjamins, baby”.  It’s as if you wrote a letter criticizing the Post Office and had it returned to you with a USPS message stamped on it.But let’s dig down one level.  The criticism, partly fair, of Omar is that she bought into (so to speak) the anti-semitic slur that Jewish money constitutes a secret...

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Lyndon LaRouche Is Dead (but not dead enough)

In lieu of an obituary, I am reposting Politics of Pastiche: "voters... need someone to fire all the political-correct police" from August 2015. See also The Higgins Memo, Anders Breivik and the Lyndon LaRouche Cult and Deep Structures of the Cultural Marxism Myth. And Here’s an Insane Story About Roger Stone, Lyndon LaRouche, Vladimir Putin, and the Queen of England. "...voters crave the anti-status-quo politician. They want results. They need a fighter. They need someone to fire all the...

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It Is Monday And Usual Suspect Bashes Social Security

That would be Robert J. Samuelson at the Washington Post, and, yes, he has done it yet again, actually for the first time in a while.  Dean Baker has already done a good job of cutting him up over on CEPR, but I can't help piling on as well.Samuelson presents his case as opposition to Social Security being expanded as proposed by Cong. John Larson (D-Conn).  Samuelson also cites a recent study Andrew Biggs at AEI supposedly showing that old people have been doing better in income terms than...

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The 1912 Bread and Roses Strike

Elizabeth Warren made an impressive speech just now in the freezing cold of Lawrence, Massachusetts: Sen. Elizabeth Warren officially launched her 2020 presidential campaign Saturday at a rally in Lawrence, Massachusetts, using the backdrop of Everett Mills -- the site of a historic 1912 labor strike led by women and immigrants -- to issue a call to action against wealthy power brokers who "have been waging class warfare against hardworking people for decades." Over 44 minutes in...

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Ruminations On Vriginia’s Difficult Situation

A week ago I posted here supporting VA Gov Ralph Northam, comparing him favorably to the late Robert C. Byrd of WV.  A day later I joined the call for him to resign after his bizarre press conference that has still left unpleasant unresolved issues such as who put that awful photo in his yearbook and why.  Since then much else has come forth, and this continues. In any case it looks like Northam may hang in for at last awhile, although the situation is complicated and constantly changing, to...

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