The Federal Reserve (FED) is funding various loan facilities for corporate and other business enterprises which are struggling in the midst of the Coronavirus. The Treasury Department will backstop these loans with $454 billion, certainly more to come, if needed, […]
Partial Nationalization of Private Sector Firms: Why Not?
Trump, in reference to strong suggestions that he invoke the Defense Production Act in order to requisition the production of medical masks, respirators, and other medical equipment for the COVID-19, stated that he didn’t want to go down that path […]
“Funding” the Federal Response to COVID-19 is not the Issue: Inflation is the Issue
In response to COVID-19, The Federal Reserve (FED) has quickly flooded the capital markets with $1.5 trillion in short term funding; it has committed to an additional $700 billion in purchases of longer dated securities. This latter action is open […]
Consumer Bailout of the U.S. Oil Industry
The U.S. oil industry is lobbying the Trump Administration to pressure the Saudis to cut oil production in order to raise the price of oil. That’s right, raise the price of oil. In case you have not been following events […]
Bernie Sanders’ Comments on Literacy under Castro in Cuba
Bernie Sanders’ comments on literacy improvements in Cuba under Castro will continue to be a campaign issue. With this in mind, we should be clear in our minds about the Cuban experience. When Castro came to power after the successful […]
The Potential of Modern Monetary Theory
You have got to hand it to the proponents of Modern Monetary Theory (MMT). MMT offers a conceptual framework of U.S monetary and fiscal operations which accurately reflect the workings of these operations in both the U.S. and other nations […]
This Website is Currently Undergoing Reconstruction
This website, which has been in existence since 2003, is currently being completely reconstructed. As a result the offerings are somewhat limited at this time. Hopefully, you will check-in from time-to-time in the future. Thanks
Save the Graffiti
I live in a major, pretty-much post industrial Midwestern city. A few years back the City was a massive collage of graffiti: some of it was a collection of simple tags, some of it was just flat-out amazing art. I […]
The Peace Option
I am old enough to have grown-up during the 60’s and early 70’s. For many of us who grew up during this era, the era shaped our world views: views which have remained with us to this day. During the […]
What’s Up with the Iranians?
Why do the Iranians hate us? They, afterall, took 52 Americans hostage during their 1979 revolution. Are we not the ones justified in hate towards the Iranian people? Let’s try to imagine this from the Iranian perspective. The popular press, […]