Blog Archives

Confronting a Post-Middle Class America

If it seems like the middle class in America isn’t what it used to be perhaps that’s because it doesn’t exist anymore.  There is no longer a coherent block of Americans in the middle income range that shares a common

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Posted in Economics, Ownership Society, Social Capital

Reconstruction 2.0 and the Neo-Confederate Backlash

The Federal Reconstruction effort that followed the Civil War is generally regarded as a failure, but over the past few decades a powerful combination of Federal intervention and global capitalism is transforming Southern life in ways that Yankee armies never

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Posted in Economics, Libertarian, Neo-Confederate, Political Theory, Race

How the GOP is Winning Among the Poor

Among the far-right entertainer class, 2012 was defined as the “takers versus makers” election. According to that narrative, Romney lost because the grasping poor wanted a President who would promise them “free stuff” instead of opening up opportunities to succeed

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Posted in Economics, Election 2012, Race

Our Most Overregulated Underregulated Industry

The Securities Act of 1933 is one of the most elegant and successful pieces of complex legislation in history.  In less than 60 pages it constructed a regulatory framework that would allow Wall Street to survive its self-immolation and re-emerge

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Posted in Economics, Ownership Society, Social Capital

What Communism, Socialism and Fascism Actually Mean

Overused terms can lose their meaning.  Few words are thrown around as carelessly as Communism, Socialism, and Fascism.  Socialism is not the cheese touch.  There are realities behind these ideologies.  Reducing a word like “Communist” to the rhetorical equivalent of

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Posted in Economics, Political Theory

Libertarian until Graduation

See that line there moving through the station? I told you, I told you, I told you – I was one of those Leonard Cohen, First We Take Manhattan The images of college students thronging to Ron Paul campaign events

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Posted in Economics, Libertarian, Neo-Confederate

Economics is Broken

“We really do not know how this system works.” – Alan Greenspan, 1999 There’s a reason we place more value on astronomy than we do on astrology.  Your astrologer can tell you that maybe, perhaps, this is a good day

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Posted in Economics

The Purpose of the Social Safety Net

When my father was young, my grandfather was seriously injured in a ranch accident.  He was unable to work for an extended time and was never able to return to his previous job.  While he struggled to recover and find

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Posted in Economics, Ownership Society, Welfare State

Health Care is Not a Market

“Where it is impossible to create the conditions necessary to make competition effective, we should resort to other methods of guiding economic activity.” -Friedrich Hayek, The Road to Serfdom, p.37 Here’s a simple solution to our health care mess. Eliminate

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Posted in Economics, Health Care, Ownership Society

How to End the Welfare State

How would Republicans react to a proposal that would eliminate the food stamp program, shut down welfare, slash the state and federal workforce, replace Social Security, and end the minimum wage? How would Democrats respond if that same program extended

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Posted in Economics, Ownership Society
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