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When is a Majority a Minority? When It s the GOP
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Biden Classifies Opposition to Capitalism and Corporate Globalization As Extremism
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Thank you, Yves, for republishing James Galbraith’s beautiful 2009 essay “Who Are These Economists Anyway?” in which we read:
“Leading active members of today’s economics profession… have formed themselves into a kind of Politburo for correct economic thinking. As a general rule as one might generally expect from a gentleman’s club
this has placed them on the wrong side of every important policy issue, and not just recently but for decades. They predict disaster where none occurs. They deny the possibility of events that then happen. … They oppose the most basic, decent and sensible reforms, while offering placebos instead. They are always surprised when something untoward (like a recession) actually occurs. And when finally they sense that some position cannot be sustained, they do not reexamine their ideas. They do not consider the possibility of a flaw in logic or theory. Rather, they simply change the subject. No one loses face, in this club, for having been
Michael Hudson: Why Biden Won t Cancel Student Debt
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Germany authorizes pipe-laying for Nord Stream 2 in its waters TASS and Scoop: Biden to waive sanctions on company in charge of Nord Stream 2 Axios. ZOMG Putin has kompromat on Biden ZOMG ZOMG.
Does not make sense IMO. Especially with possible return of Iranian energy on world market. Only way maybe it does, is if some got spooked by the gas shortage caused by the recent hack attack and the political folk in Team Dem overruled the warmongers in this instance because they’re not happy with re-election prospects in 2022. With energy prices and inflation spiking voters could get uncooperative, and since the warmongers got their preferred team in power, they are on board with that.