All Life Is Problem Solving

After going to one of the AmericaSpeaks community conversations yesterday, I’m even more confident that the deficit crisis being promoted by the Peter G. Peterson Foundation, AmericaSpeaks, the National Commission on Fiscal Responsibility and Reform, and the Obama Administration, as well of much the world’s global elite is a fantasy. There is no truth to […]

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In Part One, I addressed the question of whether the AmericaSpeaks argument showing that increasing deficits, debts, and public debt-to-GDP ratios is a real problem America needs to solve make sense. I concluded that their reasoning doesn’t show there’s a real problem because they assume that interest rate levels for Government debt instruments are determined […]

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The deficit terrorists ask us to believe that the US has a deficit/national debt problem, to believe in their projections about the future, and to make certain hard choices involving spending cuts and tax increases because we believe in the likelihood of their projections coming true if we don’t act to prevent them. Tomorrow, AmericaSpeaks, […]

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This one is a deconstruction of a piece in the Detroit Free Press by a gentleman in the MSM who’s decided to join the Peter G. Peterson/Catfood Commission echo chamber. (My thanks to Sisterkenney for calling it to my attention.)

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Warren Mosler has an important forthcoming book called The Seven Deadly Innocent Frauds, which is, fortunately, available right now in a pre-publication version for reading and commenting from Warren’s site. Jamie Galbraith, Warren’s friend and occasional co-author has recently written a Foreword to the book, which also can serve as a Foreword to the Modern […]

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In early December, I asked whether President Obama would choose to be more like Hoover, or more like FDR. Well, I guess it’s definitely Hoover. The President believes that Federal dollars for a jobs program necessary to end The Great Recession are limited. He can only believe that because he believes that the Federal Government […]

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Deficit terrorism has lately turned to deficit hysteria. With Germany leading the way, most Eurozone countries appear ready to implement austerity programs. The United Kingdom, under its new Conservative/Liberal overlords, appears to be taken with austerity too. And Canada, Australia, New Zealand and Japan have all jumped on the bandwagon. But it doesn’t look like […]

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These days, if you work for the WaPo, lip service to deficit hawkism is becoming a job qualification. The New York Times is more divided on things. Krugman has been on a crusade against austerity and has had some good blogs recently, Bob Herbert had a great one on jobs the other day, and the […]

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In a heartfelt piece lamenting the jobs crisis and Washington’s Hooverite response to it, Bob Herbert of the New York Times said: There is no plan that I can see to get us out of this fix. Drastic cuts in government spending would only compound the crisis. State and local governments, for example, are shedding […]

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Dear President Obama: I’m not entirely sure how to put this, so I guess I’ll just come right out and say it. During the last presidential campaign and in the context of John McCain’s admission that he didn’t understand economics very well, you let us know that you thought you had a very good understanding […]

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