Articles tagged with: economic growth

GDP and income security for all “The economy,” as that term is used by economists, politicians, pundits, and ordinary people, generally refers to GDP, gross domestic product. Here’s an op-ed from the New York Times entitled “G.D.P R.I.P” that discusses why GDP is seriously flawed as a measure of national welfare. After discussing some of [...]

The rich get richer, the rest of us need income security. The sad reality and absurdity of our economic situation is on display in today’s New York Times. Two front-page stories, conveniently – thoughtfully? deliberately? – placed next to each other, present two sides of “the economy.” First, because it’s higher on the page, is: [...]

Though the G-20 summit in London ended a few days ago, I just saw the official photograph of the world leaders. Most interesting are the three words on the photo: Stability | Growth | Jobs. They can achieve that with guaranteed basic income worldwide. Citizen Dividends for people in every country. Here’s the photo: Suppose [...]

There is a rapid, reliable, responsible way to end the recession. We can achieve that by enacting Citizen Dividends, a guaranteed basic income for every American. Moderate Democrats and Republicans supported guaranteed income in the 1960s — so did leading economists, liberals and conservatives — and a plan to provide it passed in the House [...]

Aid to small businesses is a step, potentially, though only a baby step, in the direction of a guaranteed basic income for all Americans. A New York Times story about President Obama’s announcement is here and a 15-minute video is here. A story in the Washington Post, here, includes the following paragraph: “Small businesses are [...]

There’s a strong argument for Citizen Dividends, the guaranteed basic income, in Bob Herbert’s column in today’s New York Times. (It’s a strong argument for people like Herbert, that is, who worry about income inequality, the gap between the very rich and the rest of us; not so strong for people who think the gap [...]

The banking and credit “crisis” is generating lots of news, including talk about nationalization. Here’s a front page article from the New York Times, a Times piece by columnist Paul Krugman, a CNBC story putting the possible cost at $4 trillion, and something from AlterNet by Joshua Holland that says we should just go ahead [...]

From Barack Obama on down, politicians, economists, pundits, and journalists are obsessed with creating and saving jobs. Obama’s proposed economic stimulus plan would save or create three million to four million jobs at a cost of $775 billion. If it’s three million jobs, that’s $260,000 a job. Four million jobs would be $194,000 each. These [...]