Fed Policy And Wages.

There is some talk going on about how the Fed should hold off raising interest rates until labor can reap the benefits of the economic growth that has been occurring in the U.S., mainly through increased wages. The latest I have seen was on the NYTimes website. This is a really dangerous point of […] Read more »

The Failure Of Redistribution?!

  President Obama has issued his proposed budget, it includes infrastructure spending funded through a one time tax on corporate profits held overseas. His budget also includes an increase in capital gains taxes and a plan to extend that to inherited wealth. Paul Ryan responded to the second issue by […] Read more »

Inclusive Capitalism.

Post State Of The Union address the NYTimes ran a piece by Thomas B. Edsall in their January 20th edition, http://www.nytimes.com/2015/01/21/opinion/can-capitalists-save-capitalism.html?hp&action=click&pgtype=Homepage&module=c-column-top-span-region&region=c-column-top-span-region&WT.nav=c-column-top-span-region  In this piece Mr. Edsall comments upon President Obama’s plans to increase taxes on the wealthy while dropping taxes on lower income people. This form of policy is being referred to […] Read more »

Geo Engineering And Environmentalism.

There has been some dabbling in experiments to counteract climate change through engineering. One of these in 2009 involved putting iron into the ocean to cause a phytoplankton bloom to absorb carbon dioxide from the atmosphere. Another experiment in 2011 tried seeing how balloons would work as a stratospheric delivery […] Read more »

How Should The Fed’s Money Have Been Spent?

The New York Times has run a piece on a book by Barry Eichengreen entitled Hall Of Mirrors, appearing in the January 10th edition, written by Neil Irwin. http://www.nytimes.com/2015/01/11/upshot/the-depressions-unheeded-lessons-.html?_r=0&abt=0002&abg=1 In this book Mr. Eichengreen faults policy makers for not seriously enough the economic contraction of 2008, becoming self satisfied in their […] Read more »

The Foolishness Of The Two Year Free College Plan.

President Obama has suggested that we offer everyone two years free of community college. Despite the fact that I view myself as a progressive, one who might normally support such plans, I find myself taking a stand against this. First off it simply supports a bloated and inefficient industry. The […] Read more »

The Dystopian Myth.

There have been a lot of depictions of dystopian worlds in media lately, certainly a lot in movies, and a fair share in writing also. These depictions by and large make one very glaring and potentially grave mistake however, they usually depict a world in which people have become worse […] Read more »

Racism And Labor Oppression.

I had long felt sadness over the loss of working class neighborhoods, it always seemed the neighborhoods were either gentrified or poor, but that there were no longer any blue collar working class neighborhoods. Then I realized that the reason for this perception is that the true working class neighborhoods […] Read more »