Voodoo Economics

When Trump nominated crackpot Stephen Moore for a spot on the Fed, I was shocked. That's even a crazy move for Trump. What was I missing? I asked the smartest economist I know, Stephanie Kelton. All she would say is that "It’s not an inspired choice, to say the least. Paul McCulley would have been an inspired choice." Conservative economist Greg Mankiw was considerably more forthcoming on his thoughts about the nomination.Mankiw isn't famous because he teaches economics at Harvard, though he does.

-by NoahWhat! You haven't had enough of the Republican Party's "Trickle Down Economics?" Well, as Repug icon Ronald Reagan would say, "there you go again." Now that Paul Ryan and his House of Lunatics are back in session, they are planning on what they cynically refer to as "tax reform." Why? Because pirates like Trump and Ryan stand to personally gain, both in income and campaign contributions (bribes).

You know how states are supposed to be petri dishes for new ideas? Long before the federal government was looking into protecting consumers from predatory mortgage banksters, Assemblyman (and then state Senator) Ted Lieu was hammering out and passing controversial legislation that did just that in California.

I was happy for the U.K. last week when I read that the newly elected leader of the Labour Party, Jeremy Corbyn, had selected two of the world's most brilliant economists as advisers, Thomas Piketty and Joseph Stiglitz.

The wealthy have never allowed the idea of democracy-- stuff like majority rule-- stand in the way of their greed and power. There were times when politicians have been brave enough to stand up to them-- but not since FDR, at least not on a presidential level.