by J. Jerrald Hayes | Oct 31, 2023 | • Politics, Economics & The Economy, Income Inequality, Jobs
Heather Cox Richardson October 29, 2023 (Sunday) on October 29, 2023 On October 29, 1929, the U.S. stock market crashed. It had been rocked five days before, when heavy trading early in the day drove it down, but leading bankers had seen the mounting crisis and moved...
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 | 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Economists – Evonomics Complexity Economics matters enormously for the future, but its fundamental ideas are centuries out of date.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 | 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 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...
by J. Jerrald Hayes | Jun 14, 2021 | • Politics, Economics & The Economy, Income Inequality
Opinion | Warren Buffett and the Myth of the ‘Good Billionaire’ Warren Buffett appears to be the safest kind of billionaire: the good kind. Mr. Buffett is neither Zuckerbergian messiah nor Musky provocateur, neither Bezosist space cadet nor Sacklerian...
