Center for progressive economics

Decoration Icon

Category Archives: Macroeconomics-general

It’s the Economy Stupid

The title of this article was a slogan in the 1992 Clinton campaign. Have you ever wondered why you continually see changes in democratically elected governments from right to left and from left to right and then switching back again? You see this on a global basis not just in the USA. Were those leaders […]






Read the full article »

THE ONLY STATISTIC THAT REALLY COUNTS-INFLATION

Have you ever noticed that the economic academics and pundits on television and in print are very confusing, opaque and paradoxical?  They use terms like growth, growth rate and GDP to describe the status of an economy that are nebulous and have defused meanings.  I call this “Econo Speak”.   They also never use the word […]






Read the full article »

Baxter is Here!

Baxter is a new robot that has two major differences than other robots. It is very inexpensive and can work with humans without hurting them. Its total cost is $22,000, lasts for 3 years which comes to a total cost of less than $4 an hour. It does not need vacations, breaks, nor takes the […]






Read the full article »

Austerity-Fiscal Cliff

  Austerity-Fiscal Cliff-An Explanation       Money is the life blood of an economy.  When the supply of money in circulation is extremely low, you will see recessions and depressions.  When the supply of money is too large, you see excess inflation and asset bubbles.  When money flows we grow.  When money stops, we […]






Read the full article »

Inequality and Solutions

There are many reasons why inequality exists in an economy.  Before I give my laundry list, I will discuss some general macroeconomic reasons.  One, we are NOT created equal!  We have many different talents, abilities, appearances along with unique emotional and physical makeups. Second, the institution of capitalism-competitive markets by its sheer nature of operation […]






Read the full article »

GLOBAL UNEMPLOYMENT

There are over 200 million people unemployed in the world.  This figure does not include the under employed and under paid.  The latest Gallup Underemployment Index now stands at 19% of the global work force.  Why is this happening??  The major reason is that the private sectors production of goods and services including agriculture is […]






Read the full article »

Domestic Industrial Complex-Jobs!

Since Congress is not debating the cause nor the solution to the Great Recession which is complete monetary (money creation) reform by eliminating fractional reserve banking from the commercial banks.  Let’s do it the old fashion way on the fiscal (tax & spend) side of gov’t, by creating a “Domestic Industrial Complex”. How can we afford […]






Read the full article »

S&P – So What!

    Standard and Poor’s was established in 1860 and was bought by the publishing giant McGraw-Hill in 1966.  It is the largest of three major credit rating agencies-companies in the country.  The other two are Moody’s and Fitch.   A large part of the revenues that is generated by these companies actually comes form […]






Read the full article »

SPACE & ECONOMICS

The end of the space shuttle program brings a discussion on its economic value.  Of course, many discoveries have come from the space program, and more will come from the space station.  It did hire many employees over the decades.  These employees were good cutomers helping areas like California, Florida and Texas.  Could these space […]






Read the full article »

The U.S. Military as a Macroeconomic Factor

Besides being one of the main causes of excessive deficit spending by fighting the many hot and cold wars, our mighty military provides some amount of security for the dollar.  You might have noticed the massive purchases of Treasuries during a financial and/or physical crisis somewhere in the world.  Security is a major factor in […]






Read the full article »