Fresh audio product

Just added to my radio archive (click on date for link): November 9, 2017 Ryan Grim on the GOP and its issues • Rachel Sherman, author of Uneasy Street, on the consciousness of the rich

Plutonomy revisited

Business Insider has a write-up of a BoA Merrill Lynch report that declares that, the FT’s quibbles aside, Thomas Piketty is essentially right, and the super-rich is where the action is, so invest accordingly. (Never mind that Piketty utterly destroyed, in the most gracious manner imaginable, the newspaper’s economics editor Chris Giles’ half-assed critique.) The BoA Merrill report was written by Ajay Kapur, who is quoted by BI as saying: When wealth and income are as concentrated as they are, and expected (a la Piketty) to get even more so, examining the ‘average’ consumer or… Read More

Me against the right

I debate right-wing money manager and former Senate candidate Peter Schiff on The Real News Network: Schiff Vs. Henwood on Economic Crisis. Topics covered include the StimPak, Schiff’s intolerable tax burden (which makes it impossible for him to buy a submarine!), the intolerable restrictions on Wall Street (which evidently make it impossible for them to do business), the wisdom of neoliberal economic policy (to Schiff, Reagan was a wimp), etc. Interesting factoid: Schiff is the son of notorious tax protester Irwin Schiff, who’s doing 13 years in federal prison for repeated tax evasion… Read More