Tag Archives: Economics

Carl Davidson : Why Neoliberals Have Trouble Telling the Truth

Newt on Fox. Image from Keep on Keepin’ On. Media wars and manufacturing consent: Getting people to vote against themselves Why neoliberals have trouble telling the truth. By Carl Davidson / The Rag Blog / August 31, 2011 The Rag … Continue reading

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Ted McLaughlin : The ‘Free Market’ Myth and the Suicide of Capitalism

Political cartoon by Carol Simpson / Cartoon Work. The ‘free market’ myth and the suicide of the capitalist system In a capitalist society such as ours the wealth will be redistributed to the richest people unless there are some regulations … Continue reading

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Steve Max : The Snare and Deception of ‘Family Economics’

Political cartoon from Progressive America Rising.Obama hits the trap running:The snare and deceptionof ‘family economics’ The trap that Obama and many Congressional Democrats constantly fall into is to act and talk as if Republicans are normal and that this is … Continue reading

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David P. Hamilton : How Social Security Works in the U.S. and France

Social Security building at Rennes, France. Image from Wikimedia Commons.Letters from France IV:Social Security in the U.S. and France In France the system is more costly, more complicated, and provides more benefits, but employers and the wealthy pay a higher … Continue reading

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David P. Hamilton : Social Security in the U.S. and France

Social Security building at Rennes, France. Image from Wikimedia Commons.Letters from France IV:Social Security in the U.S. and France In France the system is more costly, more complicated, and provides more benefits, but employers and the wealthy pay a higher … Continue reading

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Sherman DeBrosse : The Republican Bait and Switch

Bait and switch:The Republican assault on Medicare By Sherman DeBrosse / The Rag Blog / April 21, 2011 The Republicans used the election of 2010 to pull off an impressive bait-and-switch operation. They campaigned against health care reform because it … Continue reading

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Lamar W. Hankins : The Republicans and ‘Medicare As We Know It’

Rep. Paul Ryan and ‘medicare as we know it.’ Photo by J. Scott Applewhite / AP.(but should be made ineffective…)Republicans agree that Medicare is essentialBy Lamar W. Hankins / The Rag Blog / April 13, 2011 This past week, House … Continue reading

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Ted McLaughlin : U.S. Military Spending Way Out of Whack

Hogging the pie:U.S. military spending gone wild By Ted McLaughlin / The Rag Blog / April 12, 2011 The chart above shows just how much out of whack the United States spending on its military really is. The U.S. has … Continue reading

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Ted McLaughlin : Can an All-White GOP Win in 2012?

Electoral College breakdown for 2008.Can the GOP win in 2012with only white votes? By Ted McLaughlin / The Rag Blog / March 5, 2011 This country was generally controlled by the Republican Party in the years between 1980 and 2008. … Continue reading

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Sherman DeBrosse : The Republicans’ ‘Cut and Grow’ Show

Ludwig von Mises: “Cut and Grow” economics. Image from Picasa.Taking the lead from von Mises:The GOP’s ‘Cut and Grow’ experiment By Sherman DeBrosse / The Rag Blog / March 9, 2011 The Republicans talked endlessly about creating new jobs before … Continue reading

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Ted McLaughlin : CBO Says Republican Policies Will Increase Debt, Deficit

Matt Yglesias refers to politicians who use deficits for short-term political gains (like Republicans whose tax cuts for the rich added $4 trillion to the deficit), as “deficit peacocks.” Illustration by Mario Piperni from mariopiperni.com.CBO projections:Republican economic policieswill expand debt, … Continue reading

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Keith Joseph : Surplus Labor and the Mystery of Capitalism

“Socially Acceptable Portrait of Karl Marx.” Hand-pulled print by Aimee Dingman. Image from EBSQ.Basics of Marxism:Surplus labor and the mystery of capitalism Exploitation occurs when the people who do the work and produce the surplus are different from the people … Continue reading

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