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Tag Archives: Income inequality
A Better Economy For Whom?
Popular Economics Weekly “…in going from the Biden Administration to the Trump Administration, we have traded an economy that disproportionately benefited low-income workers to one that disproportionately benefits the well-off (particularly those who own a lot of stocks).” Paul Krugman … Continue reading
Equality Is Good For Everyone!
Answering Kennedy’s Call “And on the tax front, it’s time for rich people like me to pay more.” Mitt Romney Getty/Bettmann This quote from a recent NYTimes Mitt Romney Op-ed is my Christmas message: Equal opportunity hasn’t been available to … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged budget deficit, consumer spending, economics, Economy, Federal Reserve, GDP growth, gini inequality index, Great Recession, history, Income inequality, inequality, inflation, interest rates, Mitt Romney, Politics, poverty, tariffs, unemployment report
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Trump’s Big Beautiful Bill?
Answering Kennedy’s Call “The House has now passed what must surely be the worst piece of legislation in modern U.S. history. Millions of Americans are about to see crucial government support snatched away. A significant number will die prematurely due … Continue reading
Why Another Gilded Age?
Financial FAQs “I remember ’29 very well … the drugged and happy faces of people who built paper fortunes on stocks they couldn’t possibly have paid for. … In our little town bank presidents and track workers rushed to pay … Continue reading
Posted in Consumers, COVID-19, Economy, Keynesian economics, Politics, Weekly Financial News
Tagged economics, Economy, Fed Chairman Marriner Eccles, Federal Reserve, gini coefficient, Great Depression, Income inequality, inflation, interest rates, John Steinbeck, news, Politics, Roosevelt New Deal, Trump
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Who Will Drain the Swamp?
ANSWERING KENNEDY’S CALL “This is so bad. We have just gotten list of amendments to be included in bill NOT from our R colleagues, but from lobbyists downtown,” said Missouri Dem Senator Claire McCaskill. “None of us have seen this … Continue reading
On Preserving Freedom
Popular Economics Weekly Random House Freedom is not just an absence of evil but a presence of good. Timothy Snyder in the introduction of On Freedom, the sequel to his best-selling On Tyranny, tells us why we have a sociopath bordering … Continue reading
Posted in Economy, Politics, Uncategorized
Tagged democracy, Donald Trump, freedom, Great Recession, history, Income inequality, news, Obamacare, Politics, Reagan Presidency, republican party, timothy snyder, Trump
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Let’s Make America More Equal Again!–Part 2
Answering Kennedy’s Call Piketty-Saez Why did our income inequality begin to worsen in 1980, as can be seen from the above graph? The Arab-OPEC oil embargo of 1973 was the first indication that Big Business under the newly created Business … Continue reading
Posted in Consumers, COVID-19, Economy, Keynesian economics, Politics
Tagged economics, history, Income inequality, inequality, Politics
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Make America More Equal Again!
Answering Kennedy’s Call Piketty-Saez I have a suggestion for a campaign motto I first wrote about in a 2017 Huffington Post piece that could give a boost to VP Harris’s presidential campaign. Instead of Trump’s slogan, “Make America Great Again.” … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged economics, Income inequality, news, Politics, poverty
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Ending Our Economic Civil War—Part II
Answering the Kennedys’ Call MarketWatch President-Elect Joe Biden can call a truce from the ongoing Red vs. Blue states economic civil war with just announced picks of his economics team, including Janet Yellen as Treasury Secretary and the economic advisors. … Continue reading
Posted in Uncategorized
Tagged COVID-19 vaccine, Federal Reserve, Great Depression, Income inequality, Janet Yellen
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Retail Sales, Manufacturing Recovering, But What’s Next?
Financial FAQs FREDretailsales Retail sales jumped 5.1 percent year-over-year in October, which means this recovery is much stronger than forecast. But the question for economists will be, can it continue with the ongoing winter COVID-19 surge? It’s incredible that consumers … Continue reading
Posted in Consumers, Economy, Keynesian economics, Politics
Tagged COVID-19, Income inequality, retail sales
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