Search Results for: redistribution

What a “Jobless Recovery” Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big Boys

Everyone from the Fed bank of San Francisco to Kiplinger’s is saying that we may have a “jobless recovery”. The meaning of the phrase jobless recovery itself is simple: A jobless recovery or jobless growth is a phrase used by … Continue reading

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Leading Economist Says True Purpose of Bank Rescue Plans is “A Massive Redistribution of Wealth to the Bank Shareholders and Their Top Executives”

Leading PhD economist Dean Baker minces no words in slamming the bailouts, the “bad bank” proposal, and the mainstream media’s dishonest reporting on the financial crisis. As Baker says in a new article: Mr. Geithner wants to use taxpayer dollars … Continue reading


Happy Bill of Rights Day … Are There Any Left?

Today is Bill of Rights Day in America. Happy Bill of Rights Day! This post explains the liberties guaranteed in the Bill of Rights – the first 10 amendments to the United States Constitution – and provides a scorecard on … Continue reading


Celebrating the One Percent: Is Inequality Really Good for the Economy?

To paraphrase Mark Twain, everyone complains about inequality, but nobody does anything about it. What they do is to use “inequality” as a takeoff point to project their own views on how to make society more prosperous and at the … Continue reading


The Courtiers and the Tyrants

By Chris Hedges   President Barack Obama is joined by Democratic presidential nominee Hillary Clinton after speaking to delegates during the third-day session of the Democratic National Convention in Philadelphia on July 27, 2016. (AP Photo / Carolyn Kaster) Thomas … Continue reading


Finance is Not the Economy

JOURNAL OF ECONOMIC ISSUES Vol. L No. 3 September 2016DOI 10.1080/00213624.2016.1210384 Dirk Bezemer and Michael Hudson Dirk Bezemer is a professor of economics at the University of Groningen, the Netherlands. Michael Hudson is a distinguished research professor of economics at … Continue reading


The New European Fascists

By Chris Hedges   Government leaders in Poland are promoting a neofascist ideology. (Wikipedia Commons CC BY-SA 3.0) WARSAW, Poland—Jaroslaw Kurski and Piotr Stasinski embody the hope that once was Poland. They struggled against the Communist regime for years in … Continue reading


How Much Liberty Do Americans Have Left?

This post explains the liberties guaranteed in the Bill of Rights – the first 10 amendments to the United States Constitution – and provides a scorecard on the extent of the loss of each right. Painting by Anthony Freda: … Continue reading


Unintended Consequences – Mortgage Borrowing Costs Rise in Switzerland Despite Negative Interest Rates

Submitted by Mike Krieger, Liberty Blitzkrieg. Wait a minute, this wasn’t supposed to happen… From Business Insider: Remember back in December when we highlighted that one of the responses to central banks’ introduction of negative interest rates might actually be a raising … Continue reading

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Libertarians’ False Assumptions About Economics

Eric Zuesse We’ll start with a typical example of libertarians’ big misconception: Here was the libertarian white Texan Alex Jones, in a riff for the racist white populist billionaire Republican U.S. Presidential candidate Donald Trump, the day after Trump had declined to … Continue reading



“Democracy is a pathetic belief in the collective wisdom of individual ignorance. No one in this world, so far as I know—and I have researched the records for years, and employed agents to help me—has ever lost money by underestimating … Continue reading


Central Banks Are Trojan Horses, Looting Their Host Nations

A Nobel prize winning economist, former chief economist and senior vice president of the World Bank, and chairman of the President’s council of economic advisers (Joseph Stiglitz) says that the International Monetary Fund and World Bank loan money to third … Continue reading


Peace Is the Keystone of Liberty

Why Libertarians Should be Thoroughly Anti-War The anti-war movement desperately needs libertarian leadership. And the libertarian movement urgently needs to be strongly anti-war. So in this essay I will offer some chief reasons for every libertarian to be 100% non-interventionist … Continue reading


“Future Economic Historians” Will Probably Call the Period That Began In 2007 “the LONGEST DEPRESSION”

Sure, last year was the first pre-election year stock market loss since the Great Depression.  And admittedly, this week was the worst opening week of any year … EVER. But that’s not the big news. The big news is that … Continue reading


The Most Profitable Work Will Be Automated: The Rest Will Be Left to Us

What’s abundant and what’s scarce? The question matters because as economist Michael Spence (among others) has noted, value and profits flow to what’s scarce.What’s in over-supply has little to no scarcity value and hence little to no profitability. What’s abundant … Continue reading


Leaked Report: US-Backed Pinochet Dictatorship had High-Level Ties to Child-Torturing Ex-Nazi’s Fortified Cult

There’s a headline for you.  Yet the terms come from a Yahoo News report, which seems to be fairly well buried, as it only has one comment.  And, crucially, the report makes no mention whatsoever of the US support that … Continue reading


Obama v. Putin: Their Debate on Crimea

The Source of the ‘New Cold War’: The Basic Disagreement Between Obama and Putin Eric Zuesse, originally posted at strategic– INTRODUCTION The basic disagreement between U.S. President Barack Obama and Russian President Vladimir Putin, and the source of the economic … Continue reading


If You Don’t Think Americans Have Lost Our Freedoms, READ THIS

Painting by Anthony Freda: The Land of the Free and the Home of the Brave  The Land of the Fleeced and the Home of the Slave This post explains the liberties guaranteed in the Bill of Rights – the … Continue reading


Bernie Sanders versus Obama & the Clintons: The Big Difference

Eric Zuesse I state here why I have come to support Bernie Sanders for President: Whereas Hillary Clinton, Bill Clinton and Barack Obama — the modern Democratic Establishment — have been so conservative they might as well have called themselves … Continue reading


Economic grace of ‘Social Credit’: national dividend and compensated retail prices to facilitate consumer goods distribution in an age of robotics

by guest author Wallace Klinck “The unacknowledged, but obvious, truth is that unnecessary work, imposed by either edict or contrived financial legerdemain, is slavery and servitude—totally irrational and immoral.  Every engineer worthy of the name is trying to eliminate the need for … Continue reading

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