Jun 26 2015

NYT Warns Greece to Accept Endless Depression–Because Default Might Be Painful

Argentine protest (photo: Alejandro Kaminetsky/Reuters)

While the process of switching currencies will never be painless, it must be compared to the pain associated with an indefinite period of unemployment in excess of 20.0 percent, which is almost certainly the path associated with remaining in the euro on the Troika’s terms.

Jun 03 2015

Poor People Can’t Afford Homes–so NYT Calls for Making Them More Expensive

Monopoly houses (cc photo: woodleywonderworks)

It is bizarre to note that low-income people spend a disproportionate share of their money on housing and then complain about low house prices.

May 28 2015

Look, a Deficit!: How NPR Distracts You From Issues That Will Actually Affect Your Life

$100 bills (Mark Wilson/Getty Images)

Billionaire Pete Peterson is spending lots of money to get people to worry about the debt and deficits, and National Public Radio is doing its part to try to promote Peterson’s cause.

May 13 2015

Some of David Brooks’ Best Friends Are Progressives–So Long as They Don’t Scare the Wealthy

Bill Clinton and Tony Blair

For political purposes, it is undoubtedly advantageous to imply that the “opportunity” progressives favored the market more than the “redistributionist progressives,” but it is not true.

Apr 27 2015

NYT Lets Economic Pundit Disappear TPP’s Economist Critics

Paul Krugman, Joseph Stiglitz (cc photos: Prolineserver, Raimond Spekking)

You would never know, reading Greg Mankiw’s piece, that many economists in fact oppose TPP and fast track. Or that economists can and do reject the characterization of TPP and the like as “free trade” bills.

Apr 20 2015

Why Don’t Americans Want to ‘Soak the Rich’? It’s a Trick Question

Monopoly: Pay Poor Tax of $15

The New York Times has a post by Neil Irwin headlined “Why Americans Don’t Want to Soak the Rich.” But looking at polling over time on taxing the wealthy, what’s striking is how consistently popular it is.

Apr 20 2015

The Washington Post’s Longstanding Contempt for People Who Work for a Living

As critics note, TPP has less to do with trade than it does  with strengthening protections for corporations like copyrights and patents.

The Washington Post has established itself over many decades as a major mouthpiece of elite opinion. Its editorial pages argue strongly for the interests of the wealthy, with scarcely concealed contempt for people who have to work for a living.

Jan 30 2015

Mark Weisbrot on Greek Elections, Amanda Marcotte on Abortion & Congress

Change Greece, Change Europe (Photo: Uwe Hiksch)

We’ll talk to Mark Weisbrot about the Greek elections: Could it be that what elite media fear isn’t that Syriza will fail—but that it might succeed? And Amanda Marcotte on how shallow cover of abortion and the new Congress threatens women’s rights.