Tag: basic bargain

Two economies: The market basket and The Market

December 23, 2010

In his recent book, Aftershock, Robert Reich builds a strong case for the disparity between the top income earners and the rest of us as the basis for our current economic turmoil.  He argues that there will be chronic, structural economic problems if those who produce goods are not able to purchase them.  Reich defines … More Two economies: The market basket and The Market

Accountability

November 17, 2010

A premise of accountability is that people should believe what they are saying is true. Speaking in a recent Today Show interview, Representative Michele Bachmann argued that extending the Bush tax cuts for incomes over $250,000 was good for the working class.  As her example she said that a plumber or a carpet layer with … More Accountability