Still grading, so slow posting for a while. Just a brief note on the whole firing of Comey scandal that is still unfolding, and the incredible degree of anxiety on the left, which somehow thinks this means that there is a 'pee' tape and that Trump will be eventually impeached (here, for example; too many of these). This is at least the second event compared to Nixon's firing of the Attorney General, the infamous Saturday night massacre. The other being the firing the Acting Attorney...
Read More »Let’s Run Government for Business
Let's Run Government for Business | Michael Hudson Your access to this service has been temporarily limited. Please try again in a few minutes. (HTTP response code 503) Reason: Exceeded the maximum global requests per minute for crawlers or humans. Important note for site admins: If you are the administrator of this website note that your access has been limited because you broke one of the Wordfence blocking rules. The reason your access was limited is: "Exceeded the maximum global...
Read More »Democrats “Kompromat”
Democrats "Kompromat" | Michael Hudson Your access to this service has been temporarily limited. Please try again in a few minutes. (HTTP response code 503) Reason: Exceeded the maximum global requests per minute for crawlers or humans. Important note for site admins: If you are the administrator of this website note that your access has been limited because you broke one of the Wordfence blocking rules. The reason your access was limited is: "Exceeded the maximum global requests per minute...
Read More »Robert Wade on Trumponomics vs. Free Trade
Echoing some of the arguments discussed here in the blog (for a list of posts on free trade go here, and for the effect of free trade on the Trump election here, here and here) Robert Wade suggests that the economics profession defense of "Free Trade" might have something to do with the election of Trump. Wade's phrase is perfect (apparently Adrian Wood came up with it): "Like Gresham’s Law, 'alternative facts' drive out facts." The alternative fact here is the theory of comparative...
Read More »Terror, Trolls, and Trump
By William K. BlackJanuary 30, 2017 Bloomington, MN How far have Fox “News” and the self-described “Deplorables” fallen? They rushed after a lethal terror attack on Muslims in Quebec City to declare that Muslims must have committed the attack. “So, I retweeted the wrong pics, but I was right about the #QuebecShooters being freaking Muslims!! Close, if the Deplorable meant by his phrase “I was right” “I was wrong.” For purposes of what I am about to write, I am channeling my...
Read More »Electoral quakes and the establishment: A new world approaching?
By Denis Melnik and Andrés Lazzarini (Guest bloggers) As the first days of Donald Trump’s presidency unfold, the prevalent attitude to his surprising victory among the various breed of the liberal intelligentsia all over the globe is pretty much the same as it was on the morning of November 9, 2016 — that of a profound shock. Apart of purely emotional reactions (ranging from desperate ‘Bernie could have won’ to hopeful ‘Trump will be impeached almost immediately’), this shock reveals...
Read More »White Collar Crime Will Have a Field Day Under Trump
NEP’s Bill Black appears on The Real News Network. Topic of discussion was that none of Trump’s economic picks – which now include three people from Goldman Sachs – were picked for their knowledge of economics. Video is below. You can view the transcript here.[embedded content] Share this:
Read More »After Meeting with Gore/DiCaprio Then Choosing “Fossil Fool” Cabinet, Trump is saying “I’m Evil”
Michael Hoexter, Ph.D. In the past week, Donald Trump has with his cabinet choices on energy, environment, and now foreign affairs openly declared war on a stable climate and the future of humanity. The manner in which he did these now, and soon-to-be more, heinous acts has been revealing about who Donald Trump is and how he can be expected to act in the future on a whole host of issues related and unrelated to climate. While Trump in his campaign gave almost no signs that he had any...
Read More »Can Trumponomics work?
Work for whom? That's what Martin Sandbu (subscription required) asks in the Financial Times. In his view, it might. He cites Ken Rogoff -- of spreadsheet fame -- who also has said that it's a possibility. Sandbu cites Summers doubts on Trumponomics, which are all based on supply side factors, but has very little to say about that.* Like Rogoff, Sandbu thinks that what matters is private investment that matters, meaning demand, and, as it must be in these cases, the confidence fairy...
Read More »Donald Trump, Why are You Planning to Destroy the World of Barron, Arabella, Joseph, Theodore, Kai, Tristan, Chloe & Donald III?
Michael Hoexter, Ph.D. Listen Donald, Becoming President-elect was a grand coup for you, yet, with the path of climate denial and destruction you are headed on as President, you will be personally responsible for some extremely bad, real impacts on all Americans, even on all human beings, making you and them big “losers”. It is no longer a matter of you playing a game for yourself in which you might be a “winner” but it means protecting and taking care of the destinies of all Americans,...
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