• Trump on Infrastructure and making America great again.

    Trump and the infrastructure of fascism

    Let this be a warning to economists, labor leaders, Democratic officials and all progressives fighting  for economic and social justice: “progressive-appearing” economic proposals from Trump  are likely to be thinly veiled attempts to suck in unsuspecting allies in support of a neo-fascist, authoritarian movement that is increasingly showing its true colors. They are designed, quite clearly, to build support for Trump and his business allies. Don’t be fooled, don’t be bought off, and be vigilant.

  • A First Ever Default?  Closing the Gold Window, Forty Years On

    During the recent “Debt Ceiling” debacle, many warned that the failure to lift the debt ceiling would lead to a “first ever” US default and to numerous financial catastrophes, including the demise of the U.S. dollar as the world’s reserve currency. “First Ever Default?”  Think again. Forty years ago this month, on August 15, 1971, […]

  • Fed Bashing at the G-20: A Return to the Gold Standard Anyone?

    A strange thing happened on the way to the G-20 meetings: world elite opinion has turned against the Federal Reserve’s “Quantitative Easing” (QE) program, the only significant “Keynesian” macroeconomic policy being implemented anywhere in the face of massive unemployment in much of the developed world; and this criticism is garnering some support from strange places, […]