1

Michael Bader – It Is Paul Krugman Who Lives in a Fantasy World, Not Bernie Supporters

Nobel Laureate Paul Krugman can’t stand that people are irrational; that working-class conservatives are duped into voting against their own economic interests. In a recent New York Times editorial called “How Change Happens [3],” Krugman complained that liberal Bernie Sanders supporters are hopelessly waiting for the “better angels” in people to rise up and radically change our corrupt institutions. Real change, …

1

Robert Parry – The Misinformation Mess

New York Times columnist Paul Krugman marvels at the right-wing extremism prevalent in the Republican presidential race not just from the “outsider” candidates but from the “establishment” favorites as well, doubling down on President George W. Bush’s economic prescriptions and foreign policies despite their record of disaster. The media’s obsession with Donald Trump’s off-the-cuff candidacy “has in one way worked …

1

Paul Krugman – Despair, American Style

A couple of weeks ago President Obama mocked Republicans who are “down on America,” and reinforced his message by doing a pretty good Grumpy Cat impression. He had a point: With job growth at rates not seen since the 1990s, with the percentage of Americans covered by health insurance hitting record highs, the doom-and-gloom predictions of his political enemies look …

Germany Showing ‘Lack of Solidarity’ Over Greece: Stiglitz

Nobel-prize winning economist Joseph Stiglitz, seen on May 12, 2015 in Washington, DC, accused Germany of displaying a “lack of solidarity” with debt-laden Greece that has badly undermined the vision of Europe. (AFP/file) Prominent economist and Nobel laureate Joseph Stiglitz accused Germany on Sunday of displaying a “lack of solidarity” with debt-laden Greece that has badly undermined the vision of …

The Federal Reserve Board, Jobs and the Rewriting of Economic History By Dean Baker

As most people know, economists are good at rewriting history. We have seen this in the last few years as the collapse of the housing bubble and the ensuing downturn has been turned into one of those unavoidable tragedies that could not have been prevented. After all, no one could have imagined that house prices wouldn’t keep going up forever …

tpp secret

Trans-Pacific Trade Deal Is Latest Threat to Our Democracy – John Buell

‘Neoliberal capitalism is already global,’ writes Buell. ‘Resistance to it must itself be global and democratic.’ Conservatives warn us that deficit spending will turn the U.S. into a fiscal basket case, like Greece. No longer truly independent, Greece is ruled by the IMF, the ECB, and the European Commission. What conservatives seldom point out is that membership in the Eurozone …

Right-Wing Pressure in Academia – James DiEugenio

In 1951, at the height of Sen. Joe McCarthy’s hunt for disloyal Americans, William F. Buckley wrote a polemic against liberal education entitled God and Man at Yale, accusing Yale instructors of advocating collectivism and undermining Christianity. Buckley was relatively unknown at the time, but his book contained a foreword by the famous journalist John Chamberlain, who had worked for the New York …

wall-street-vampires-300x261

Wall Street Vampires – Paul Krugman

Last year the vampires of finance bought themselves a Congress. I know it’s not nice to call them that, but I have my reasons, which I’ll explain in a bit. For now, however, let’s just note that these days Wall Street, which used to split its support between the parties, overwhelmingly favors the G.O.P. And the Republicans who came to power this …