Three of the most interesting articles we've read on the economy this week have come from divergent sources: Paul Craig Roberts, former assistant US Treasurer and Wall Street Journal editor, and a theorist of supply-side economics; Mike Davis, on the editorial board of New Left Review and author of City of Quartz and Planet of Slums among other books; Dean Baker, editor at the Center for Economic and Policy Research, who has been warning the nation since 2002 about the danger of the speculative housing bubble. All three appear regularly on websites offering the best political economic journalism in the country.
Through the years of the Bush administration, we have read their prophetic analyses, which have helped us understand what is going on locally as well as nationally and internationally. At this point, when the nation is about as far away from "the end of history" as it can get and the government is rummaging around in the archives for a tattered copy of The General Theory of Employment, Interest and Money (1936), by John Maynard Keynes, looking for some ideas that worked in the Great Depression, Roberts, Davis and Baker offer useful insights and policy directions that might actually reduce some present and future suffering.
Badlands Journal editorial boardRead More »