by J. Jerrald Hayes | May 31, 2023 | • Politics, Economics & The Economy
Let’s not overcomplicate this: Republicans passed a $2 trillion tax cut for billionaires and corporations. And now they’re refusing to pay for it. It’s really that simple. — Adam Schiff (@RepAdamSchiff) May 22,...
by J. Jerrald Hayes | May 2, 2023 | • Politics, Economics & The Economy
Why the 14th Amendment Is Being Cited in the Debt Ceiling Debate Some Biden administration officials believe a constitutional clause prevents the United States from failing to make payments even if it means breaching the debt limit. Send any friend a story As a...
by J. Jerrald Hayes | May 15, 2022 | • Politics, Economics & The Economy, Income Inequality
The National Debt and Other Red Herrings | Real Progressives Discussions of inflation are often laden with an air of superstition and moral panic. Like all such things they can only persist in the face of misunderstanding and rumor....
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...
