Recent content by zenguy

That is simply not true. The non-wealthy outnumber the wealthy 100 to 1, and they spend almost all of the money they earn, so their total spending is actually the principal driver of the economy. Not only are the wealthy few in number, but they spend only a fraction of what they earn on...

Do you know how to use Google? Maher is a famous comedian, known for his progressive views, atheism, and general irreverence. His show "Real Time" is on HBO, most Friday evenings.

The economy is a very complex system. There is no one formula that works in all circumstances. My essay, above, is about our present situation, in which most large corporations have large quantities of idle cash, or cash-equivalent. They have the funds to hire with if they wanted to, or if it...

You are repeating a myth. SOMETIMES the wealthy hire, but often they don't. They only hire when there is sufficient demand for their products & services so that more employees are required. When demand is low, and not growing, such as our current situation, they don't hire. It's well known...

Before we get into the details, let me point out that when a government reduces spending, it has to fire people. If there is already high unemployment, this makes it worse. Furthermore, these fired people now stop paying taxes, and collect unemployment benefits instead, making the government's...