Sunday, February 06, 2011
DID REAGAN BOOST THE ECONOMY? FOR THE TOP 1%, YES, A WHOLE LOT! FOR LABOR, NO, NOT ONE IOTA!
February 6, 2011
Reaganomics Sucked Wealth Up, Did Not Trickle It Down
Michael Hudson on Reagan Centennial: Creating an economy for predators is not respect for a "free market"
Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971). ISLET engages in research regarding domestic and international finance, national income and balance-sheet accounting with regard to real estate, and the economic history of the ancient Near East. Michael acts as an economic advisor to governments worldwide including Iceland, Latvia and China on finance and tax law.
February 5, 2011
Reaganomics Was Pro Business, Not Pro 'Free Market'
Yves Smith on Reagan Centennial: President Reagan broke unions and intervened in the market when big business required it
Yves Smith has written the popular and trenchant financial blog "Naked Capitalism" since 2006. Yves has spent more than 25 years in the financial services industry and currently heads Aurora Advisors, a New York-based management consulting firm specializing in corporate finance advisory and financial services. Prior experience includes Goldman Sachs (in corporate finance), McKinsey & Co., and Sumitomo Bank (as head of mergers and acquisitions). Yves has written for publications in the United States and Australia, including The New York Times, The Christian Science Monitor, Slate, The Conference Board Review, Institutional Investor, The Daily Deal and the Australian Financial Review. Yves is a graduate of Harvard College and Harvard Business School.