Mad, Sad World and Richard Cory

Sometimes music can express the plight of the disadvantaged better than any policy paper full of statistics. And certainly wealth is no guarantee of happiness, as this classic song expresses so well: "Riohard Cory," by Simon and Garfunkel, 1966.

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US Is Among Least Bigoted Countries

Returning to America in 2017 after eight years away, I felt pride that at least the United States, unlike so many other countries, is attempting to address serious issues like police brutality, racial injustice, poverty and discrimination based on race, class, ethnicity, gender, and sexuality. In so many other countries of the world, these are taboo topics.... Continue Reading →

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Why the Great Recession Lasted So Long

From 2009 through 2016, Republicans opposed Obama's tax cuts and spending policies that would have stimulated the economy enough to roar into strong growth and reduce unemployment. They claimed that fiscal restraint of the deficit was more important. But once Trump became president, they abandoned the principle of concern for the deficit. In other words,... Continue Reading →

Are We Living in a New Gilded Age?

Economic libertarians revere the Gilded Age in American history, from 1870 to around 1900, an era of great entrepreneurial spirit, rapid economic growth, especially in the North and West. American wages were much higher than in Europe, and living standards expanded exponentially. Private philanthropy grew dramatically. Donald Trump and his supporters hope that America has... Continue Reading →

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