Political Economy

The bill passed the House overwhelmingly. The Senate votes today. I will be speaking about the deal on BBC World News at 100PM ET.

This is a polemic on fiat currency. it is long and detailed. But I believe it is both thorough and logical.

Here’s a good morning video for you. Raise the debt ceiling already.

If you recall, it was George W. Bush’s father, GWH Bush, who, when campaigning against Reagan, called supply side economics’ claims that tax cuts pay for themselves Voodoo Economics. And Bush was proved right when deficits spiralled out of…

If the Chinese are serious about their anti-US rhetoric, they will have to do a lot more on the currency front. First and foremost, they need to move more aggressively to a basket peg that allows bilateral Yuan currency rates to move as the…

Separately, both Nouriel Roubini and Stephen Roach, two leading American economists with differing views on the Chinese domestic economy have pointed out the concern China has with the dysfunctional US political system. Increasingly, the…

Rick Bookstaber opines about a future world in which the flood of information being produced will be filtered by third parties like Facebook and Google with as yet unpredictable consequences for society. Perhaps these filters are just…

My take: The issue is real and if the debt ceiling is not increased, the US will slip into a double dip recession in which unemployment will rise higher and stocks will sink lower than in 2009. Voters now see this as a predominately…

Last week the NY Times covered the division within the economic community over the way out of the USA's overspending / balance budgeting. “Reasonable people can sit down and, apart from any political or policy motivations, come up…

Michael Hudson argues forcefully that the juxtaposition of bailouts for the largest American banks and cuts for ordinary Americans makes clear that government is promoting a redistribution of income to upper income brackets. He sees the…