Category: Economy
Keynes to Democrats: Major Government Infusions Needed to Rescue this Economy
by Steven Pressman | Feb 2, 2021 | Coronavirus, EconomyDeveloped by John Maynard Keynes during the Great Depression, Keynesian economics provides a blueprint for combating economic stagnation and helping people survive difficult economic times. It advocates government spending programs and tax cuts for the poor and middle class, aiding those in greatest need. Spending by the masses would then generate economic growth and more […]
Trump Economics Embrace Usual Fare of Tax Cuts for the Wealthy and False Promises to the Middle Class
by Steven Pressman | Sep 18, 2020 | Economy, PoliticsTwo numbers reveal everything you need to know about the U.S. economy over the past two decades. Between 1999 and 2018, the S&P 500 grew 6 percent annually, after accounting for dividends (2 percent annual gain) and inflation (2 percent annual loss). Stock prices more than doubled in value over this time period. Wall Street […]
Under Cover of Covid, Republicans Will Come After Social Security as They Have Done Repeatedly Before
by Steven Pressman | Aug 18, 2020 | Coronavirus, EconomyWith Covid-19 and Black Lives Matter foremost on everyone’s mind, it is unlikely that Social Security will play a prominent role in the 2020 election. Joe Biden and the Democrats should try to ensure it does. Focusing on Social Security works to their advantage. One reason Donald Trump won the 2016 election was that he […]
Great Depression II or Great Federal Debt
by Steven Pressman | May 19, 2020 | Coronavirus, EconomyThinking several steps ahead prepares us for the future; not doing so invites failure. The inability to think ahead has turned a global health crisis into an economic crisis for the United States and a political crisis for President Trump. Currently (early May), it is hard to know when the U.S. economy can safely reopen […]
Covid-19 Presents a Unique Set of Economic Challenges to Policymakers
by Steven Pressman | Apr 30, 2020 | Coronavirus, EconomyAs I write this, there have been more than 336,000 reported cases of the coronavirus in the United States, and over 9,600 have died from it. Some experts contend that, in the worst possible case scenario, the virus is capable of killing as many as three million Americans. What makes the coronavirus so deadly is […]