by J. Jerrald Hayes | Dec 9, 2021 | • Politics, Characters on the Right, Economics & The Economy, Income Inequality
What Is the Far Right’s Endgame? A Society That Suppresses the Majority. When the Supreme Court decided, in the 1954 case of Brown vs. Board of Education, that segregated public schools were unconstitutional, Tennessee-born economist James McGill Buchanan was...
by J. Jerrald Hayes | Nov 27, 2021 | • Politics, Economics & The Economy, Income Inequality
Why CEO pay exploded ” Grandpa, why did top executives began to get so rich in the Clinton administration when you were in the cabinet?” “For many reasons, sweetie. One of the most important was that most of their pay started to be linked to the...
by J. Jerrald Hayes | Nov 15, 2021 | • Politics, Business, Capitalism, Economics & The Economy, Jobs, Towards A Better America
The main story about the state of Unions in America starts at:...
by J. Jerrald Hayes | Nov 5, 2021 | • Politics, Donald Trump, Economics & The Economy
The US was not prepared for a pandemic – free market capitalism and government deregulation may be to blame It’s unclear when the pandemic will come to an end. What may be an even more important question is whether the U.S. will be prepared for the next...
by J. Jerrald Hayes | Oct 21, 2021 | Economics & The Economy, Income Inequality
How the Labor Theory of Value Emerges from Egalitarianism – Economics from the Top Down In the 1860s, Karl Marx declared that all value stemmed from labor. A century-long firestorm ensued. On its own, Marx’s claim seems innocent enough. But what made it...
by J. Jerrald Hayes | Oct 18, 2021 | Economics & The Economy, Income Inequality
Seven Ways to Transform 21st-Century Economics – and Economists – Evonomics Complexity Economics matters enormously for the future, but its fundamental ideas are centuries out of date. No one can deny it: economics matters. Its theories are the mother...
by J. Jerrald Hayes | Oct 14, 2021 | Economics & The Economy
There is no relationship between inflation (red line) and changes in federal deficit spending (blue line). Libertarians and Republicans sell the inflation myth to widen the Gap between the rich and the rest. Let me begin at the end, with a summary:...
by J. Jerrald Hayes | Jul 20, 2021 | Economics & The Economy, Engineering, Income Inequality, innovation, Science
Why Space Tourism Will Fall Flat Why Space Tourism Will Fall Flat The billionaire space race is in full swing, with Richard Branson and Jeff Bezos both launching into the atmosphere – and one lucky (and rich) 18-year-old along for the ride with the latter...
by J. Jerrald Hayes | Jul 5, 2021 | Economics & The Economy
History: Modern Money Theory and Stagflation Australian Real Progressives has written about full employment and the job guarantee many times previously. What follows is a historical analysis of how the mythical NAIRU came into being and why Full employment, in the...
by J. Jerrald Hayes | Jul 4, 2021 | • Politics, Income Inequality, Tax Policy
A Trump Tax Break To Help The Poor Went To a Rich GOP Donor’s Superyacht Marina The Rybovich superyacht marina lies on the West Palm Beach, Florida, waterfront, a short drive north from Mar-a-Lago. Superyachts, floating mansions that can stretch more than 300...
