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In a recent post on Counterpunch, Paul Craig Roberts offered a defense of Reaganomics and Supply Side economic theory, as a refutation…
Jack Rasmus
Dr. Jack Rasmus, Ph.D Political Economy, teaches economics at St. Mary’s College in California. He is the author and producer of the various nonfiction and fictional workers, including the books The Scourge of Neoliberalism: US Economic Policy From Reagan to Bush, Clarity Press, October 2019. Jack is the host of the weekly radio show, Alternative Visions, on the Progressive Radio Network, and a journalist writing on economic, political and labor issues for various magazines, including European Financial Review, World Financial Review, World Review of Political Economy, ‘Z‘ magazine, and others.
This week Obama proposed a payroll tax cut of 2%, or $120 billion, claiming it would create jobs. What follows is an…
There is little doubt Obama inherited the recent economic crisis from his predecessors. George W. Bush left a toxic economic legacy unequaled…
In April 2009, proclamations by Obama administration chief economic advisor Larry Summers, Treasury Secretary Tim Geithner, and President Obama himself assured the…
This is the second part of a series by Jack Rasmus on the historical context and current trajectory of the financial crisis.…
This is the second part of a series by Jack Rasmus on the historical context and current trajectory of the financial crisis.…
In the depths of the economic crisis, in early 2009, ten leading economists attending the annual American Economics Association conference in San…
At the end of 2009, investors, business press pundits, and government policymakers alike reluctantly began to question whether the economic recovery in…
A year ago, October 2008, the U.S. economy was confronted with a classic banking panic. The panic led to an overnight crash…
C orporate and government policymakers today argue that the 90 million working and middle class households in the U.S.—who have been experiencing…