Deflation and wage stagnation - a red herring?

Lately, I've been hearing an alarming number of pundits suggest that the reason for wage stagnation is the lack of inflation and the actual presence of deflation in the economy.  Inflation - so the argument goes - would have the laudatory effect of exerting pressure on the private sector to raise wages.

Really? Seriously???? What are you smoking?

Greed Goes Global - and so goes Glass Steagall....

I have already accepted that the US has become a robber baron economy - but it had always been in the back of my head that expatriation was an option if things continued their downward spiral here.  But a recent round of reading and research has convinced me that the Robber Barons have  "gone global."

Take reinstating Glass-Steagall as an example....

Eric Cantor and the GOP - give kitchen table advice to tornado victims

Apparently, the GOP is back to their "austerity" measures and the people of Joplin MO could suffer for it.    Eric Cantor lead the charge. The compassionate soul that he is, Cantor feels that the people of Joplin deserve aide - but only if it means cutting back on OTHER government programs.... you know ....little things like unemployment insurance, medicare, and social security.  Nothing of any major importance for a country in the worst financial crisis since the Great Depression.

Simple Solutions or Simplistic Nonsense?

Yes,  Eric Cantor was in the news again touting his "kitchen table" economics and trying to apply it the devastation in Joplin MO.  It really is very simple, isn't it?  I mean - if you save $10k for a new car but your house is blown down by a Tornado - you use the $10k to rebuild your life, right?  Sorry, that does not fly.

Atlas Shrugged - The Bible - & The Religious Right

The Book of Cletis wrote a very compelling post on the disconnect between the Christian right and their support of such supply-side economic policies that reek of the “let them eat cake” mentality.   How on earth does the worship of Ayn Rand square with Christianity, the Golden Rule and teachings of Christ as portrayed in the four Gospels?   The Gospels are replete with numerous parables and teachings that leave no room for doubt as to how Jesus would have responded to the likes of Rand.  After all, it was Christ who said -   “And again I say unto you, It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God.”

Throwing its lot in with Facebook - Think Progress (TP) makes a verystupid move...

Over the past few months, I have really become addicted to TP.  I loved the content and the detail in the Wonk Room and the style of Matt Yglesias in general.  But the new format forces comments away from DISQUS and onto FB.  How many times can I say that this is a STUPID, STUPID, STUPID idea?

I'm a busy person.  I do NOT have TIME to log off of FB in order to post to TP. I DO NOT WANT to use Yahoo or AOL just to post to TP  in order to avoid having all my comments posted to my FB account.  Who uses AOL or Yahoo anymore anyway? And Hotmail?  Please!