Fed Policy Needs a U-Turn

ron-paul

Brent Budowsky: America needs new thinking for monetary and fiscal policy. Fed policy has failed. Government policy is inadequate. Ron Paul has advanced an important debate.

Let’s Have a Tea Party

tea party congress

Ted Vaill: Teabaggers, look at what has happened this past week in England – get rid of entitlements and you have rioting in the streets fomented by the unemployed youths who have been pushed down through England’s safety net.

Let’s Hope for Continued Fiscal Gridlock

starve the beast

Ivan Eland: The good news is that if the committee can’t reach an agreement on the fiscal changes, or if Congress rejects its work, defense (including homeland security) and domestic programs have to take equal cuts.

How to Rate Obama on Afghanistan

Tom Hayden: Since there is no Peace Lobby capable of negotiating or delivering a peace vote in the old-time electoral manner, millions of individuals will are capable of evaluating, changing their minds, and withholding their votes right up to the November 2012 election.

Why No Amount of Fiscal or Monetary Stimulus Will Be Enough

recession

Robert Reich: The Fed’s decision Tuesday to keep short-term interest rates near zero is no surprise. What’s odd is its apparent decision not to boost the economy by buying hundreds of billions of bonds — despite its acknowledgment that ”the pace of recovery in output and employment has slowed in recent months,” and that prices are rising too slowly for comfort (i.e., we might be facing deflation).

The Tortoise Economy

turtle economy

Robert Reich: The rich don’t spend nearly as much of their incomes as everyone else, and the $36 billion windfall they’d otherwise get could be better spent saving the jobs of teachers, fire fighters, and police officers who do spend almost all their incomes.

The Economic Fallacy of ‘Zombie’ Japan

happy worker

Steven Hill: Paul Krugman and others have got Japan wrong: Americans should be so lucky as to get a Japanese-style lost decade

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