Category Archives: The destruction of the middle class

Watch Bill Clinton, Larry Summers, and Phil Gramm Have a Love Fest Over Repeal of Glass Steagall

Watch Bill Clinton heart financiers in 1998 and try to take it back in 2013.

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Bill Black: Adam Davidson, the 1%’s Lord Haw-Haw, Mangles Economic Theory to Attack Sanders

Adam Davidson makes numerous misrepresentations about economics in a salvo against Bernie Sanders’ economic plans. Does he really not know better, or has he really drunk the orthodox Kool-Aid?

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Bill Black: “Liberal” Economists Cheered the New Democrats’ Deregulation of Finance

A case study illustrating how soi-disant liberal economists pushed the US to the right during the Clinton Administration.

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Intra-EMU Divergence Is A Feature Not A Bug

Yves here. I’m leery of reinforcing the “competitiveness” meme, since it’s based on the false premise that all countries can be exporters. But this article nevertheless makes important observations about Eurozone structural flaws.

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