Tag Archives: Income inequality

Dear Supercommittee: “It’s Consumer Spending, Stupid!”

Posted on November 3, 2011 by Popular Economics Weekly

Financial FAQs “With only about a month remaining before its recommendations are due, lawmakers on the congressional supercommittee charged with finding savings from the federal budget wrestled with cuts to defense, foreign aid and other programs on Wednesday”, said Bloomberg … Continue reading →

Posted in Economy, Keynesian economics, Weekly Financial News | Tagged , , , , , , , , , | Leave a comment

The Wrong Budget Debate

Posted on April 12, 2011 by Popular Economics Weekly

Financial FAQs We are having the wrong budget debate. Washington is not talking about paying down the federal debt, which now totals some $9.5 trillion held publicly. Budget deficits are created when revenues don’t equal spending. So when the focus … Continue reading →

Posted in Economy, Macro Economics, Weekly Financial News | Tagged , , , , | Leave a comment

Redistributing Great Wealth (is) The Path to Recovery

Posted on December 6, 2010 by Popular Economics Weekly

Popular Economics Weekly We are in the deepest economic malaise since the Great Depression. And there is a good reason for it. We also have the greatest maldistribution of wealth since 1928. Researchers are finding that the two—the greatest inequality … Continue reading →

Posted in Keynesian economics, Macro Economics | Tagged , , | Leave a comment

Inequality and Recessions

Posted on May 15, 2010 by Popular Economics Weekly

Has greater income equality in the United States since the 1970s, as documented by Thomas Piketty and Emmanuel Saez; (Feb. 2003 Quarterly Journal of Economics), led to greater financial instability of the financial markets, and perhaps precipitated the ‘Great Recession’ … Continue reading →

Posted in Keynesian economics, Macro Economics | Tagged , , , | Leave a comment