Tag Archives: Great Depression

David Stockman’s Crony Capitalism

Posted on April 7, 2013 by Popular Economics Weekly

Popular Economics Weekly Paul Krugman is being too gentle with David Stockman, whose recent New York Times ‘rant’ glorifies the gold standard and denigrates government for standing in the way of putting “free markets and genuine wealth creation back into … Continue reading →

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The Decline of the West

Posted on March 31, 2013 by Popular Economics Weekly

Popular Economics Weekly Berkeley Prof Brad Delong has posted a very sobering essay on his website. Because the deficit hawks and austerity advocates now hold sway in both Europe and North America, we could be in for a very prolonged … Continue reading →

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State of the Union—Why So Few New Jobs?

Posted on February 16, 2013 by Popular Economics Weekly

Popular Economics Weekly President Obama’s State of the Union address was all about jobs. So why have so few been created since the Great Recession? Federal Reserve Vice Chair Janet Yellen gave a recent speech entitled: A Painfully Slow Recovery … Continue reading →

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Our Tragedy of the Commons—Austerity That Doesn’t Work

Posted on December 28, 2012 by Popular Economics Weekly

Popular Economics Weekly There is a longer term fiscal crisis that current budget negotiators are ignoring. It is called the Tragedy of the Commons — the long term neglect of common resources and facilities used by all, including our air, … Continue reading →

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Income Inequality Behind Most Poverty

Posted on September 14, 2012 by Popular Economics Weekly

Financial FAQs There were 46.2 million Americans in poverty in 2011, as median household income decreased to its lowest level since 2000, according to a Census Bureau report released this week that illustrated the toll from ongoing labor-market weakness. The … Continue reading →

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The War on Workers

Posted on May 15, 2012 by Popular Economics Weekly

Popular Economics Weekly We are seeing what can only be called a war on workers by Tea Party Republicans in particular. Who are workers? The 80 percent of consumers who are wage and salary earners. And they have not done … Continue reading →

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Greater Lawlessness Causes Great Recessions

Posted on March 17, 2012 by Popular Economics Weekly

Popular Economics Weekly We know Greg Smith’s unveiling of Goldman Sachs’ ‘culture’ of GS profits ahead of clients’ interests was nothing new. And that real laws were broken—from conflicts of interest to outright fraud. The 2010 congressional hearings unveiled much … Continue reading →

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Smart Government Creates Better Growth

Posted on January 19, 2012 by Popular Economics Weekly

Financial FAQs It is smart government that creates better economic growth, not smaller government, per se.  Smart government means effective government that finances and regulates what the private sector can’t or won’t.  So that doesn’t mean downsizing government for its … Continue reading →

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Government Has to Work—or Else

Posted on January 5, 2012 by Popular Economics Weekly

Financial FAQs We can no longer afford to listen to those conservatives who believe government is the problem, since there is no viable recovery from the worst recession since the Great Depression without government investment in sectors that will grow … Continue reading →

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It’s Basic Economics, Stupid!

Posted on June 10, 2011 by Popular Economics Weekly

Popular Economics Weekly What was the reason for Fed Chairman Bernanke’s almost pathetic plea to understand real world economics, in his latest speech at the Atlanta IMF Conference? He said in essence that the Fed is caught between worries about … Continue reading →

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