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Alternative Visions – Inflation, Infrastructure ‘Smoke & Mirrors’, & Keynes’ Economics

Today’s show analyzes the just release Consumer Price Index inflation for May and reports on the latest developments in the ‘Infrastructure Follies’ phony negotiations going on in Congress and the Biden administration. How ‘smoke & mirror’ offers and counter-offers are steadily reducing the level of infrastructure spending and, in turn, how Biden is cutting out his tax hike proposals in …

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Alternative Visions – Biden Capitulates on Infrastructure & Tax Hikes

In the first half hour of today’s show, Dr. Rasmus reviews a June 1 article by the San Francisco Federal Reserve showing that the US labor market is far weaker than the ‘headline’ unemployment rate indicates. Rasmus argues that jobs are being recalled (not created) at a slow rate and likely with fewer hours and thus weekly earnings. The long …

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Alternative Visions – Inflation Myths & April Jobs Report

Dr. Rasmus addresses the rising chorus from conservative politicians, media, and ‘paid for’ economists that the Fiscal stimulus bills being proposed ($1.8T American Rescue Plan, $2.2T American (Infrastructure) Jobs Plan, and $1T American Families Plan) will soon overheat the US economy and cause rapid rise in inflation. What are the actual forces driving/not driving prices today in 2021? What’s wrong …

Alternative Visions – Taxing Capital Gains: Facts v. Fiction

This past week Biden proposed to raise the capital gains tax (on profits from stocks, bonds, real estate sales, financial assets, etc.) from its current 20% to 39.6% on all capital gains profits over $1 million. Business and investor reaction has been apoplectic and immediate. Raising the tax, they claim, will collapse business investment and cut short any economic recovery, …

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Alternative Visions – Union Labor’s Great Detour: 1947 to 2021

Dr. Rasmus follows up last week’s analysis of the Union defeat at Amazon by placing it in historic context, from the growth of union membership in the 1930s and 1940s to the great strike wave of 1970-71 and the Great Detour and decline of unions under Neoliberal industrial parties that began with Reagan in the 1980s and continues to this …

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Alternative Visions -Economic Updates: Corporate Taxes, Amazon Union Vote & Miscellany

Dr. Rasmus reviews the notable economic events and data of the past week. Included are Treasury Secretary, Yellen, proposes for a minimum global corporate tax for the 20 advanced economies, in the latest effort to stop the corporate manipulation of taxes and ‘race to the bottom’ globally in corporate tax revenues; the IMF’s proposal to raise $650 billion in Special …

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Alternative Visions – Biden’s Infrastructure Plan

today’s show focuses on Biden’s just announced Infrastructure Plan. Called a jobs plan, it will produce few jobs in 2021-22 and have virtually no impact on the near term 2021 economic recovery effort. Estimated by the Wall St. Journal at $2.3T, over 8 yrs., very little will hit the US economy in the much needed early stage of recovery in …

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Alternative Visions – Biden’s Tax Plan + Crossroads for American Democracy

Dr. Rasmus provides a first look at President Biden’s Tax proposals, designed to roll back the worst of Trump’s $4T tax cuts in 2018 for businesses and investors. Rasmus describes the 40 year historical tax shift in favor of the 1% wealthiest households, their businesses and their investments—a key hallmark of Neoliberalism policy since 1981.  Biden’s 3-part economic recovery program—the …

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Alternative Visions – Deficits, Inflation and Other Mainstream Economic Nonsense

Now that the Biden $1.9T (actually $1.8T) fiscal stimulus has passed, mainstream economists and media are pumping up the rhetoric it will soon lead to excess inflation and rising interest rates that will endanger the economic recovery. Rasmus debunks the notion that deficits and debt—or ‘too much money chasing too few goods’ cause inflation, as well as related ideological notions …