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Dwight Dwight said: " enjoying it, nerdy as it is "

 
Book cover for The Conscience of a Progressive
This takes us to the central neoclassical economics story of the supposed efficiency of a competitive, capitalist, market system that goes back to the eighteenth century and Adam Smith, with little fundamental variation to today. Codified ...more
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Adam Smith
“It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.”
Adam Smith

Joe Biden
“Don't tell me what you value, show me your budget, and I'll tell you what you value.”
Joe Biden

Lester Carl Thurow
“Probably no country has ever had as large a shift in the distribution of wealth [as what we've seen in the U.S. in the last 30 years] without having gone through a revolution or losing a major war.”
Lester Thurow

Jim Wallis
“A budget is a moral document.”
Jim Wallis

Lester Carl Thurow
“No country without a revolution or a military defeat and subsequent occupation has ever experienced such a sharp a shift in the distribution of earnings as America has in the last generation. At no other time have median wages of American men fallen for more than two decades. Never before have a majority of American workers suffered real wage reductions while the per capita domestic product was advancing.

Beside falling real wages, America's other economic problems pale into insignificance. The remedies lie in major public and private investments in research and development and in creating skilled workers to insure that tomorrow's high-wage, brain-power industries generate much of their employment in the United States.

Yet if one looks at the weak policy proposals of both Democrats and Republicans, ‘it is a tale, told by an idiot, full of sound and fury, signifying nothing.”
Lester Thurow

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