ECONOMIST JAMES K GALBRAITH: THE FISCAL CLIFF IS A SCAM.

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November 30, 2012

Why the Fiscal Cliff is a Scam 

James K. Galbraith: Is there a looming crisis of debt or deficits such that sacrifices in general are necessary?



December 2, 2012

A Looming Crisis in Social Security, Medicare, Medicaid? The "Fiscal Cliff" is a Scam Pt2

James Galbraith: It's been known since the 1950's that there would be more demands on social security; If there was political will health care costs could be controlled, it's not a problem of Medicare


Bio

James K. Galbraith teaches at the LBJ School of Public Affairs, The University of Texas at Austin. He is a Senior Scholar of the Levy Economics Institute and the Chair of the Board of Economists for Peace and Security. The son of a renowned economist, the late John Kenneth Galbraith, he writes occasional commentary for many publications, including Mother Jones, The Texas Observer, The American Prospect, and The Nation. He directs the University of Texas Inequality Project, an informal research group based at the LBJ School, and is President this year of the Association for Evolutionary Economics.

HISTORY OF HOW THE RICH HAVE DELIBERATELY RUN UP DEFICITS SINCE REAGAN'S TIME LARGELY BY CUTTING THEIR OWN TAXES, LEADING INEVITABLY TO PRESSURE TO SLASH SPENDING ...WHICH TO THOSE IN POWER DOESN'T MEAN CUTTING SPENDING FOR ILLEGAL WARS BUT RATHER SLASHING FUNDING FOR HEALTH, EDUCATION, AND SOCIAL SECURITY.

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  theREALnews

May 5-6, 2011
Part 1

Austerity Hawks Want a Return to 1920's Capitalism

James Crotty: Objective of austerity campaign is a return to unregulated capitalism and weak unions




Part 2

High Deficits were the Objective of Right Economics

James Crotty: High deficits deliberately created to justify return to 1920's capitalism.



Find originals here.

Bio

James Crotty is a Post-Keynesian macroeconomist whose research in theory and policy attempts to integrate the complementary analytical strengths of the Marxian and Keynesian traditions. He received his Ph.D. from Carnegie Mellon University in 1973, and after teaching at the University at Buffalo and The State University of New York, he joined the Economics Department of the University of Massachusetts Amherst, Amherst. He has made contributions to the social structure of accumulation (SSA) theory; the implications of radical uncertainty for macro theory and theories of financial markets.