Does anyone really know what we have experienced on the global economic scene? Even Nobel Prize winner and economist Paul Krugman writes, “I’m still trying to make sense of this global intellectual failure.” Policy makers almost everywhere have failed dismally, and seem determined not to take on board the lessons of experience, either historical or […]
Posts Tagged ‘Robert Reich’
The U.S. Experiencing the Perfect Economic Storm
November 8, 2010Robert Reich, former labor secretary during the Clinton administration, writes that the country is being threatened by what he calls a “perfect storm.” The wind is blowing from three directions: The rich keep getting richer, with the top 0.1 percent of income earners making more money than the 120 million people at the bottom of […]
Thoughts on Economic Recovery by Robert Reich
July 11, 2009Some excerpts from Robert Reich, former Secretary of Labor in the Clinton administration, writing in his blog: The so-called “green shoots” of recovery are turning brown in the scorching summer sun. Until consumers start spending again, you can forget any recovery. Problem is, consumers won’t start spending until they have money in their pockets and […]
