Tag: new gilded age

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In the initial Gilded Age, the courts took the 14th Amendment, tore it up as it applied to African-Americans, and created entirely new and unintended meanings for it as it applied to corporations, starting the nation down the road that has lately led to Citizens United. It took the Sherman Anti-Trust Act, refused to apply […]

The Next Recession

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On November 13, 2019

One thought I’ve had a lot over the last couple of years is that the real power of the rejuvenated left will truly be determined in the next recession, not in this presidential election. The big

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Jeff Koons is Terrible

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In General
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On July 8, 2019
I’m in Mexico City for the month. Because of the problems of Mexico generally, lots of people forget that Mexico City is a genuinely world class city. Among the many things it has going for it is a lot of art museums. I’m down here because my wife is researching and since she has the […]

The False Economy

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On May 21, 2019

Yes, unemployment rates are low. There are jobs for most people who want them. But this has not really budged the national worry over income inequality and the widespread belief that the economy does

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Most every “rule” in economics is half-baked and this whole Vox article about why rising productivity hasn’t led to rising wages is an example of the problem. It notes: This is not the way the economy is supposed to work. Paychecks are supposed to grow faster when productivity rises this fast and unemployment falls this […]
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