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Written by Ralph J. Benko
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Tuesday, September 06, 2011 |
 The New York Times teases, "Dismal Jobs Report Puts Policy Makers on the Spot."
The headline?
Zero Job Growth Latest Bleak Sign for U.S. Economy.
The lede?
August brought no increase in the number of jobs in the United States, a signal that the economy has stalled and that inaction by policy makers carries substantial risk.
At The Washington Post:
Job creation came to a halt in August, according to new government data, intensifying pressure on the Obama administration and the Federal Reserve to Read more |
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Written by Kathleen Packard
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Wednesday, May 25, 2011 |
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As heard on Lou Dobbs Tonight, the evening of May 24, 2011:
Lewis E Lehrman stated:
"...this problem of eliminating the budget deficit of a trillion and a half dollars is something that cannot be done overnight. The proposal by Paul Ryan was very dramatic, one Republican called it radical, (was) not happily received. The solution of course is to design an American program for prosperity, because you can solve these entitlement problems with a growing economy."
View complete interview |
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Written by Ralph J. Benko
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Monday, May 02, 2011 |
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The Roosevelt Institute, a leading Progressive policy institute, is preparing a reprise of William Jennings Bryan's famous 1896 critique of gold: "you shall not press down upon the brow of labor this crown of thorns."
Mike Konczal, a Roosevelt Institute Fellow and influential liberal blogger, in announcing "The Future of the Federal Reserve Event," writes:
Conservatives are organizing against a full employment mandate and rallying around the gold standard wing of their party, and I believe it is time progressives Read more |
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Written by Brian Domitrovic
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Thursday, March 24, 2011 |
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Trade wars are coming back from the dead. Donald Trump is talking about scuttling free trade arrangements as he contemplates a presidential run. It’s fair to ask why so much manufacturing in the US has been abstracted to places like East Asia. The decline of trade barriers is not the reason; the failure to return to fixed exchange rates and gold convertibility are at fault.
There is no reason why major countries with similar low inflation rates should not have their currencies trade at fixed rates of exchange. After all, Read more |
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Written by Ralph J. Benko
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Sunday, March 20, 2011 |
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Next we turn our attention to the economic infirmities of the world dollar system, which:
- Cause a persistent trade deficit, hollowing out our industrial base.
- Enable a persistent and alarmingly high federal budget deficit.
- Destabilize the value of the dollar, fomenting euphorias and panics.
The first of the world dollar standard's economic disorders:
1. The world dollar standard causes a persistent trade deficit, hollowing out our industrial base.
The U.S. trade deficit grew to $497.8 billion Read more |
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