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Alternative Visions – Ideology in Economics—How It Works to Benefit the Wealthy – 09.18.17

Dr. Jack Rasmus explains the notion of ideology in mainstream economics and how it works to create false arguments like ‘business tax cuts create jobs’, ‘free trade lifts all boats’, ‘markets are efficient’, ‘inflation is always caused by too much money chasing too few goods’, recessions are caused by external shocks to a stable (equilibrium) economic system, interest rates determine …

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Trans Pacific Trickle-Down Economics – Robert Reich

Have we learned nothing from thirty years of failed trickle-down economics? By now we should know that when big corporations, Wall Street, and the wealthy get special goodies, the rest of us get shafted. The Reagan and George W. Bush tax cuts of 1981, 2001, and 2003, respectively, were sold to America as ways to boost the economy and create …