Steven Hill: So according to Krugmanomics, taking on too much debt is not the problem – it’s not being able to pay the debt that is the problem. And Krugman’s solution, apparently, is to be able to depreciate your currency and/or default on your debts, leaving the creditors holding the bag.
Carl Bloice: I’m just intrigued these days by how much the people who have a lot have become the most insistent that those below them on the social ladder bear the brunt of paying for capitalism’s current crisis.
Shamus Cooke: War has been declared on unions and some labor leaders are pretending that they can offer concessions to appease their attackers. Unfortunately, this strategy has failed for years, and is in fact why the right wing felt confident enough to officially declare war.
Guy Laron: Though protesters in Cairo are clamoring for democracy, the underlying cause of the demonstrations may be the economic plight of the Egyptian middle class, according to historian Guy Laron. In this essay, Laron traces the roots of that economic plight back to the 1952 coup that brought the current military regime to power.
Berry Craig: Tea Party types are cool with Bachmann because she loves what they love — guns and the Good Lord, for instance. And she disdains what they disdain — immigrants, gay people and the “Kenyan” “Muslim Marxist” in the White House whose “plan” is “white slavery” come to mind.
Carl Bloice: To do something meaningful the Obama Administration must go beyond lecturing the local establishment leaders about human rights and political plurality. It must be to move to respond positively to the aspiration of the kids with the rocks in the streets. It should not involve telling the Pakistanis how to price gas.
Tom Degan: The extremism of 1963 was pretty much isolated to a few southern cities. Forty-eight years later it’s gone national. What happened in Arizona over the weekend is only the beginning.
Tom Engelhardt: If, as 2011 begins, you want to peer into the future, enter my time machine, strap yourself in, and head for the past, that laboratory for all developments of our moment and beyond.
Walter Moss: President Obama has often been criticized for being too ready to compromise or for not displaying enough political passion for just causes. No doubt, he has not always perfectly calibrated the right mix of passion and compromise. But there is also no doubt, at least in my mind, that he is correct in calling for more civility in politics.
Seth Hoy: A group of state legislators, State Legislators for Legal Immigration, presented two measures intended to prevent the American-born children of undocumented immigrants from automatically becoming citizens
Randy Shaw: The latest example of the sad decline of the New York Times Book Review under editor Sam Tanenhaus is its January 2, 2010 edition on “Why Criticism Matters” that excludes African-American and Latino critics.