Alex Christoforou
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
Great episode! I agree with almost everything.
I wish Professor Michael Hudson would see my last post. I would love to know his opinion on how I describe the economic system and the history of the USD.
Don’t you have to address your own tariffs and VAT’s to argue with Trump’s policies? I think Trump is actually seeking what he calls a “level playing field” and he obviously does not think it’s level today. I dont know if it is or isn’t tbh. I also dont see the value in the US hosting the global reserve currency, apart from the neocon control fantasies. I think both of these need to be addressed to effectively criticize what Trump seems to be doing.
The issue with economics is always the tax structure. The tax burden needs to be shifted from the working class, to the 1% class. Because the 1% can never pay the total amount of tax the working class pays, that forces government to cut spending and be less of a burden on the overall economy.
You are correct; this is what Marx was talking about. The issue is that rich people don’t spend their money the way poor people do. If you reduce taxes for the rich, they will spend it on stocks or assets like houses, which will only increase housing prices. Meanwhile, if you reduce taxes for poor people, they will spend the money—whether on extra bread, a new TV, or a computer. Even if they spend it on alcohol, which isn’t good overall, it still stimulates the economy by increasing demand. For example, a bakery that produces bread will see higher demand,… Read more »
Instead of what I just wrote, people are told the neoliberal myth of trickle-down economics. This myth claims that the rich are job creators, so we should reduce their taxes, allowing them to use that money to increase production, invest in new companies, and create jobs—because they are supposedly the “job creators.” However, this myth completely ignores the supply-demand equation. Jobs are not created by the rich simply because they have more money; they are created by the demand of the poor. The rich do not create jobs out of excess wealth—they create jobs in response to demand. If the… Read more »
So you actually believe that the filthy rich create jobs for the homeless and poor? Darling, the filthy rich buy expensive cars, yachts, private planes luxury villas and vacation homes in every global luxury resort. Get real.
“If you reduce taxes for the rich, they will spend it on stocks or assets like houses, which will only increase housing prices.”
This is what I wrote. What are you talking about? Did you even read what I wrote?
Tariffs work when a country imports more than it exports, which is why the US imposed them in its early history. When the US became a major exporter, tariffs no longer were beneficial. Today, we once again import more than we export, so tariffs once again make sense. Economists are all educated in socialist schools of education that skew facts and figures to promote socialism. Government is always the problem, and never the solution.
What economists call capitalism, is in fact socialism in favor of the industrial class.
Are you joking?
People who are socialists are removed from the education system. Saying that people are educated in socialist schools shows your lack of understanding.
Please tell me where you see socialism in an economy built on a retired class, which socialism is focused on fighting. How can such an economy be built by socialists?
You are the ignoramuis.
The educational system is a socialist garbage can of traitors and globalists. To hell with all socialists and to hell with the globalism they created.
“Wall Street had a freedom that I didn’t have in academia. In academia at the New School, all they cared about was what you believed. Are you one of us? At Wall Street, they didn’t care about my politics. They came to know that I was a Marxist, but all they cared about was whether my forecasts were right or wrong, whether I was telling them what was going to happen. And because of that, I became very successful. They didn’t care about the ideology. That’s the difference between at least Wall Street and the business community. It was free… Read more »
The incomparable Professor of economics!
How on Earth can any country recover economically when the buyers’ class is being decimated.
How can there be talk of an ‘economic recovery’ when Trump is causing so much disruption in the daily lives of so many Americans.