Articles in the economic growth Category

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 [...]

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 [...]

Here’s Tom, writing from Davos: Everyone is looking for the guy – the guy who can tell you exactly what ails the world’s financial system, exactly how we get out of this mess … But here’s what’s really scary: The guy isn’t here. He’s left the building. No, Tom. You’re wrong about that last point. [...]

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 [...]

There’s lot’s of talk about what type of economic stimulus to pass, but not enough focus on what that phrase, “economic stimulus” really means. Stimulate who, specifically? How? When? And, most important, why? Stimulating “the economy,” we’re told, is necessary for creating jobs, thereby providing workers with an income. But a much better idea is [...]