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What Is Supply-Side Economics?

February 4th, 2014 (0)
Supply-side economics is an innovation in macroeconomic theory and policy. It rose to prominence in congressional policy discussions in the late 1970s in response to worsening Phillips Curve trade-offs between inflation and unemployment. The postwar Keynesian demand management policy ...

Why is the Federal Reserve Tapering the Gold Market?

January 31st, 2014 (0)
On January 17, 2014, we explained “The Hows and Whys of Gold Price Manipulation.” Naked Gold Shorts: The Inside Story of Gold Price Manipulation By Dr. Paul Craig Roberts and David Kranzler, In former times, the rise in the ...

How Junk Economists Help The Rich Impoverish The Working Class

January 29th, 2014 (0)
ast week, I explained how economists and policymakers destroyed our economy for the sake of short-term corporate profits from jobs offshoring and financial deregulation. That same week Business Week published an article, “Factory Jobs Are Gone. Get Over It,” ...

How Economists and Policymakers Murdered Our Economy

January 27th, 2014 (0)
The economy has been debilitated by the offshoring of middle class jobs for the benefit of corporate profits and by the Federal Reserve’s policy of Quantitative Easing in order to support a few oversized banks that the government protects ...

Washington Drives the World Toward War

January 27th, 2014 (0)
Washington has had the US at war for 12 years: Afghanistan, Iraq, Somalia, Libya, Pakistan, Yemen, and almost Syria, which could still happen, with Iran waiting in the wings. These wars have been expensive in terms of money, prestige, ...

The Inside Story of Gold Price Manipulation

January 20th, 2014 (0)
The deregulation of the financial system during the Clinton and George W. Bush regimes had the predictable result: financial concentration and reckless behavior. A handful of banks grew so large that financial authorities declared them “too big to fail.”  ...

The Case of the Missing Economic Recovery

January 6th, 2014 (0)
Have you seen the economic recovery?  I haven’t either.  But it is bound to be around here somewhere, because the National Bureau of Economic Research spotted it in June 2009, four and one-half years ago. It is a shy ...

2014 Will Bring More Social Collapse

December 30th, 2013 (0)
2014 is upon us.  For a person who graduated from Georgia Tech in 1961, a year in which the class ring showed the same date right side up or upside down, the 21st century was a science fiction concept ...

Manipulations Rule The Markets

December 21st, 2013 (0)
QE helps the big banks, and manipulation of the gold price downward protects the US dollar from its dilution by QE. The Federal Reserve’s announcement on December 18 that beginning in January its monthly purchases of mortgage-backed financial instruments ...

Washington Has Discredited America. The “Obama Regime”, a Police State

December 20th, 2013 (0)
Years ago when I described the George W. Bush regime as a police state, right-wing eyebrows were raised.  When I described the Obama regime as an even worse police state, liberals rolled their eyes.  Alas!  Now I am no ...

The Economic Recovery is a “Statistical Illusion”

December 11th, 2013 (0)
The payroll jobs report for November from the Bureau of Labor Statistics says that the US economy created 203,000 jobs in November. As it takes about 130,000 new jobs each month to keep up with population growth, if the ...

Defeated By The Taliban, Washington Decides To Take On Russia And China

December 5th, 2013 (0)
The several days of organized protests in Ukraine are notable for the relative lack of police violence.  Unlike in the US, Canada, Thailand, Greece, and Spain, peaceful protesters have not been beaten, tear gassed, water cannoned, and tasered by ...

The Federal Reserve and Wall Street “Assassinate the US Dollar”

November 24th, 2013 (0)
Since 2006, the US dollar has experienced a one-quarter to one-third drop in value to the Chinese yuan, depending on the choice of base. Now China is going to let the dollar decline further in value.  China also says it ...

The Kennedy assassination 50 years later

November 22nd, 2013 (0)
November 22, 2013, is the 50th anniversary of the assassination of President John F. Kennedy.  The true story of JFK’s murder has never been officially admitted, although the conclusion that JFK was murdered by a plot involving the Secret ...

Osama Bin Laden’s Obituary Notice

November 21st, 2013 (0)
The details the hoaxsters do not want you to remember. A Funeral Notice for Osama bin Laden was published on December 26, 2001, in the Egyptian newspaper al-Ward. An English translation is provided below. Anyone fluent in Arabic is ...