Category Archives: Paul Krugman

The Steady Drift toward Oligarchy

Taxation is theft and everyone should get to keep every penny they earn – but if there has to be taxation, the Takers should pay those taxes and the Makers pay no taxes at all, because if we relieve the … Continue reading

Posted in Income Inequality, Paul Krugman | Tagged , , , , , , , , , , , , , , , , , , | 1 Comment

Severe Dislocation

It’s easy to feel a bit disoriented out here on the West Coast, particularly here in Los Angeles. The third Sunday in January was breezy, in the eighties, with that impossibly deep blue sky, and of course you could stand … Continue reading

Posted in Debt Crisis, Economic Fairness, Economic Recovery, Economic Theory, Income Inequality, Joseph Stiglitz, Paul Krugman | Tagged , , , , , , , , , , , , , , , | Leave a comment

Confirming Mencken

H. L. Mencken once commented that nobody ever went broke underestimating the intelligence of the American public. But he was cynical about everything – and reporting on the Scopes trial probably made him even less inclined to get all warm and fuzzy … Continue reading

Posted in Austerity Economics, Deficit Issues, Deficit Spending, Mitt Romney, Paul Krugman, Tribalism in American Politics | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Read All About It

Back in the sixties everyone was reading Tolkien – Frodo saves Middle Earth and Gandalf didn’t really die – and over the last decade or so every kid in the world, and a good number of adults, read the Harry … Continue reading

Posted in Austerity Economics, Paul Krugman, Political Amnesia, Political Books, The Power of Narrative | Tagged , , , , , , , , , , , , , , | Leave a comment