This is a really important fact that people don’t talk about enough: McK & IMF: #immigrants (living not where born) account for 3.4% of world pop but produce 9.4% of world output/$6.7tn https://t.co/tcFELcPYid — Linda Yueh (@lindayueh) December 1, 2016 That is a huge gap. Immigrants’ economic output is almost three times their weight as a proportion of the population, a difference that adds up to $3 trillion annually. Why would this be the case? Well, immigrants are typically pretty...
Read More »The New US President: Jobs, Wages, Health & Social Security: What’s Next?
More from the Economists for Peace and Security conference. The macro panel, with Josh Bivens, Nancy Altman, Pavlina Tcherneva, and Stephanie Kelton. [embedded content] EPS Symposium: Policy Challenges for the New US President: Jobs, Wages, Health & Social Security: What's Next? from Thea Harvey.
Read More »The working class joins the cocktail party
The working class elephant in the room Upton Sinclair famously said that "it is difficult to get a man to understand something, when his salary depends on his not understanding it." Not understanding the results of this election is what the Democratic establishment is trying very hard to do. Many will continues to say that at the heart of the loss are the misogyny, racism and xenophobia of Trump and his supporters, which is real and problematic, but deny the truth that it was the...
Read More »The Fall of US Neoconservatism
This mainstream Republican repudiation of free trade, open borders and Neoconservatism on Fox News is an historical moment in American history:[embedded content]Just listen to the attack on the neoconservatives here. The fact that the neoconservative Paul Wolfowitz – the architect of the 2003 Iraq war – is probably voting for Hillary is one of those Orwellian moments when people should look from the faces of pigs to humans, and humans to pigs, and see no difference.In another stunning...
Read More »Complaining of “Taco trucks on every corner” Is Capitalist Heresy
By William K. BlackSeptember 2, 2016 Bloomington, MN Donald Trump’s opponents have been having a field day with the latest gift from a Trump surrogate. One of Trump’s few remaining Latino supporters, Marco Gutierrez, a businessman and founder of Latinos for Trump, made an unintentionally hilarious prediction about how awful America’s future would be if Trump were not elected. “My culture is a very dominant culture and it’s imposing and it’s causing problems,” he told MSNBC. “If you...
Read More »TRUMPBUSTERS: WHO YOU GONNA CALL?
Randall Wray, Bard College For months now, the Hillary campaign has vigorously argued that Bernie supporters have to fall in line to support the Democratic National Committee’s favorite candidate. Anyone not willing to jump to Hillary is a “Bernie Bro”—not willing to vote for anyone but Bernie. Why? Because, Trump. Forget the will of the people, the democratic process, or “voting one’s conscience”—Trump trumps all hesitation. We simply cannot afford to give Trump any chance of winning. We...
Read More »Trump the Keynesian causes Libertarian Heads to Explode
Right here. Except this libertarian idiot connects Keynesianism to Herbert Hoover, which demonstrates, if nothing else, how libertarians never seem to get anything right.Apparently Trump did an interview recently where he said this:“Mr. Trump himself said in a telephone interview last week that he believed more borrowing and spending would help lift economic growth, a departure from traditional Republican economics.‘It’s called priming the pump,’ Mr. Trump said. ‘Sometimes you have to do...
Read More »Look at that Filthy Commie
No, the one **on the left.** Yes, this is the new propaganda line over at the Weekly Standard, Neocon Central.Seriously, dudes, Neoconservatism is dead. Get over it.
Read More »Trump quotes Left-Wing Economic Policy Institute on Free Trade
As explained by Dean Baker here.
Read More »Neocons Run Third Party Candidate: He Thinks US White Working Class Should Die
People well informed about the current US presidential election should know that the neoconservatives – America’s all-star team of warmongering foreign policy GOP elite – have had a massive falling out with Donald Trump (e.g., see here). That assault on the neocon and GOP elite is summed up by this amusing cartoon here.The result of all this has been that now one neocon faction prefers to vote for Hillary, and the other faction led by neocon-in-chief William Kristol is supporting an...
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