2 From Truthout:
Tuesday 19 October 2010
Paul Krugman | Central Bankers Favoring Foolishness Over Facts
Paul Krugman, Krugman & Co.: "These days there seem to be two types of thinkers in the world of central banking. On one side there are the serious people, who believe that central banks should raise interest rates in the face of high unemployment and falling inflation, because, well, that is what serious people believe. On the other side there are the unserious people, who believe that central banks should fight deflation as well as inflation, and try to prevent the economic slump from turning into a quasi-permanent state of depression. But say this to serious people and they wonder: How ridiculous can you get?"
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Robert Naiman | A Robin Hood Tax to Pay for the Wars
Robert Naiman, Truthout: "A key question hanging over the election is this: in America today, is it politically feasible to make the super rich pay their fair share of taxes? So far, the answer given to this question by the election season seems to be no. Some Democrats thought that they had a winning issue politically in allowing the Bush tax cuts on the super rich to expire, but, so far, it seems that they were wrong. But here's a strategy that has not yet been fully explored: rather than simply urge that the super rich be required to pay their fair share of taxes to support government expenditures in general, let's demand that particular increased taxes on the super rich be earmarked to particular government expenditures that the super rich will have a hard time dodging politically."
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Paul Krugman | Central Bankers Favoring Foolishness Over Facts
Paul Krugman, Krugman & Co.: "These days there seem to be two types of thinkers in the world of central banking. On one side there are the serious people, who believe that central banks should raise interest rates in the face of high unemployment and falling inflation, because, well, that is what serious people believe. On the other side there are the unserious people, who believe that central banks should fight deflation as well as inflation, and try to prevent the economic slump from turning into a quasi-permanent state of depression. But say this to serious people and they wonder: How ridiculous can you get?"
Read the Article
Robert Naiman | A Robin Hood Tax to Pay for the Wars
Robert Naiman, Truthout: "A key question hanging over the election is this: in America today, is it politically feasible to make the super rich pay their fair share of taxes? So far, the answer given to this question by the election season seems to be no. Some Democrats thought that they had a winning issue politically in allowing the Bush tax cuts on the super rich to expire, but, so far, it seems that they were wrong. But here's a strategy that has not yet been fully explored: rather than simply urge that the super rich be required to pay their fair share of taxes to support government expenditures in general, let's demand that particular increased taxes on the super rich be earmarked to particular government expenditures that the super rich will have a hard time dodging politically."
Read the Article
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