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thomas mayer

Structural Weaknesses of Capitalism (tags)

Ignorance and ideology replaced facts and economic fairness under Reagan. Reagan appealed to the Laffer curve and argued tax cuts bring higher revenues, He confused investment and speculation, SROs and SUVs, militarism and security and decried government as the problem.

The Rule of Supply-Side Economists (tags)

Supply-side economists dominate wherever one looks in politics, economics and the media. That wages and salaries are not onl.y costs but also demand usually doesn't interest supply-side economists.

The Economy Sinks in a Deep Crisis of Meaning (tags)

Economists are compared with astrologers and mocked as crystal-ball readers because they are frequently way off the mark with their growth forecasts. Economists have not learned the great lessons. Mainstream economy entrenched itself behind a model world and often faded out reality.

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