Category Archives: Economics

THE PROGRESSIVE FUTURE?

Five Possibilities for the Next Great Progressive Push By Gar Alperovitz and Steve Dubb/ Common Dreams/ February 1, 2013 Obama’s second inaugural address opened some hope of a brighter progressive future, yet virtually all the critical economic and distributional issues … Continue reading

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Tale of Two Fantasies

BPR Quote of the Day:

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Very Tilted Playing Field

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MOVE ON, NOTHING TO PROSECUTE HERE

The Untouchables: How the Obama administration protected Wall Street from prosecutions A new PBS Frontline report examines a profound failure of justice that should be causing serious social unrest By Glenn Greenwald/ The Guardian/ January 23, 2013       … Continue reading

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That Was Easy

BPR Quote of the Day: “The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.” Alan Greenspan  (8-7-2011)

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How the Elite Rule

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WHAT CRISIS? JUST PRINT MORE MONEY

No, The United States Will Not Go Into A Debt Crisis, Not Now, Not Ever By Pascal-Emmanuel Gobry/ Forbes/ October 19, 2012 (If you read the headline and thought “Well, yeah”–feel free to skip this post.) If there’s one article … Continue reading

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Has Leon Gone Over to the Dark Side?

My Letter to the Editor in the Monterey County Herald today (Jan. 15): Residents of this area take great pride in our “homeboy,” Leon Panetta, currently President Obama’s Secretary of Defense. But I can’t help but cringe when the good secretary defends our bloated … Continue reading

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Bygone Era

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Perpetual Ponzi Scheme

SECRETS AND LIES OF THE BAILOUT The federal rescue of Wall Street didn’t fix the economy – it created a permanent bailout state based on a Ponzi-like confidence scheme. And the worst may be yet to come By Matt Taibbi/ … Continue reading

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