Wednesday, December 18, 2013, the Kansas Board of Regents drastically curtailed tenure and academic freedom. The state attorney general aided this action.
I get a huge volume of e-mail, but I don’t get the kind of hostile stuff that guys like Joe Weisenthal and Paul Krugman sometimes joke about. I got one today, though, and boy is this guy steaming over my MMT coloring book! Here’s the message:
The austerity push by politicians, political operatives, and pundits of the last 5 years is the height of economic, political, and social perversity and stupidity. Yet, as it still resonates in the halls of power, in the White House and Congress, and in many parts of the media, it still requires explanation and clarification. Besides inspiring the reduced level of government funding we are now seeing in the US and elsewhere, the deficit hysteria campaign is threatening to undermine what remains of the American social safety net that helped form and support the American middle class over the past 70 years. In addition, now and in the future, we will need a government able to use the full range of fiscal (i.e. financial) tools to combat climate change, tools which the austerity campaign seeks to lame or sequester for the benefit of a small financial elite. In the latest turn, deficit hysterics are trying to incite intergenerational warfare between the young and the old, accusing the latter of taking more than their share of public financial resources which the young will need later in life.
No one expects Andrew Ross Sorkin’s slavish “Deal Book” lackeys to demand that the elite Wall Street bankers whose frauds drove the financial crisis be imprisoned, but the slavishness to the banks revealed when major news stories emerge continues to irritate if not surprise. A recent embarrassment
A number of experts in law and state politics have written to emphasize the enormous slog that lies ahead for proponents of marriage equality. As a lawyer who knows a bit about politics I share their concerns. But employing my economics “hat” I wish to offer this encouragement – we have passed the tipping point in economics that ensures eventual success in securing marriage equality throughout the United States.
Calmes is back and writing about economics in an article entitled: “A Dirty Secret Lurks in the Struggle Over a Fiscal ‘Grand Bargain.’”
Remember nine months ago when Timothy Geithner assured us that it was “extremely unlikely” he would take a position on Wall Street?
Step one: Understand the three “control fraud” epidemics that drove the crisis.
The best thing that the Department of Justice (DOJ) could do immediately to restore faith in the criminal justice system is to prosecute Steven Cohen, the head of SAC. The indictment of SAC charges that many SAC officers committed crimes due to: “institutional practices that encouraged the widespread solicitation and use of illegal inside information.”