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Austerity When Stimulus Is Needed
by Stephen Lendman
On December 31, 1933, The New York Times published John Maynard Keynes "Open Letter" to Franklin Roosevelt.
On November 25, 2008, the
London Guardian republished an abridged text. It urged:
Hawkish Senators Want War on Iran
by Stephen Lendman
Permanent war is official US policy. Bipartisan complicity supports it. Doing so violates international, constitutional and US statute laws.
America is a lawless rogue state. It's been so for decades. It's by far the world's worst. It wages war on humanity. It does it at home and abroad.
Innocent victims are murdered in cold blood. It's official policy. So are other high crimes.
Media Scoundrels Pillory Chavez Before He's Buried
by Stephen Lendman
His passing made no difference. Media scoundrels don't quit. They spent 14 years vilifying him. They did it unfairly. They haven't stopped.
They're called scoundrels for good reason. They violate fundamental journalistic ethics. They lie for power. They turn truth on its head.
They substitute managed news misinformation. They support wealth, power, privilege and dominance. They're in bed with wrong over right.
They spurn rule of law principles and democratic values. They're well paid to do so. They betray readers and viewers. They do so unconscionably. They don't give a damn, and it shows.
How the Fed Could Fix the Economy—and Why It Hasn’t
by Ellen Brown
Quantitative easing (QE) is supposed to stimulate the economy by adding money to the money supply, increasing demand. But so far, it hasn’t been working. Why not? Because as practiced for the last two decades, QE does not actually increase the circulating money supply. It merely cleans up the toxic balance sheets of banks. A real “helicopter drop” that puts money into the pockets of consumers and businesses has not yet been tried. Why not? Another good question . . . .
When Ben Bernanke gave his famous helicopter money speech to the Japanese in 2002, he was not yet chairman of the Federal Reserve. He said then that the government could easily reverse a deflation, just by printing money and dropping it from helicopters. “The U.S. government has a technology, called a printing press (or, today, its electronic equivalent),” he said, “that allows it to produce as many U.S. dollars as it wishes at essentially no cost.” Later in the speech he discussed “a money-financed tax cut,” which he said was “essentially equivalent to Milton Friedman’s famous ‘helicopter drop’ of money.” Deflation could be cured, said Professor Friedman, simply by dropping money from helicopters.
Limbaugh’s New Racism
Joel S. Hirschhorn
For some years, several times a week while driving to go shopping and do errands, I have listened to Rush Limbaugh on the radio. Pretty much all the time I have become angered because every few sentences I realized that with his total sincerity and conviction he was stating absolutely incorrect things. Add to endless wrong information complete lapses in logic, causing me to be bewildered that Limbaugh has reached such success. My only explanation is that he appeals to a very large number of ignorant and unintelligent people who, like religious zealots, remain enraptured by his ultra-ring wing rhetoric. What a surprise therefore that recently Limbaugh has been speaking relentlessly about “information poor” Americans as his pseudo brilliant explanation of why President Obama has succeeded.
Thaw in Israeli Immunity?
by Stephen Lendman
Hope springs eternal. Palestinians waited so long. Don't expect too much too soon. Anything is better than nothing.
Israel's rap sheet includes decades of crimes of war, against humanity and genocide. Nuremberg justice is long overdue. It's essential. Maybe one day. Not now.
Bradley Manning: Profile in Courage Above and Beyond the Call of Duty
by Stephen Lendman
He's one of America's best. He risked great personal harm. He did so to expose vital truths.
He's a true American hero. He deserves praise, not prosecution. In February 2012, Movement of the Icelandic Parliament (MIP) members nominated him for the Nobel Peace Prize.
They felt compelled to recognize his important contribution to world peace. They called nominating him a "great honor." They're indebted for what he did.
He deserves Washington's Presidential Medal of Freedom.
It's awarded "for especially meritorious contributions to (1) the security or national interests of the United States, or (2) world peace, or (3) cultural or other significant public or private endeavors."
The Greek Catastrophe: Three Generations of Greek Workers
James Petras
Introduction
As Greece enters the sixth year of Europe’s worst economic depression, with 30% of its labor force unemployed and over 52% of its youth jobless, the entire social fabric is unraveling; a suicide rate are skyrocketing and close to 80% of the population is downwardly mobile. Family and inter-generational relations are deeply impacted; previous certainties evaporate. Uncertainties, fear and anger evoke daily mass protests. Over a dozen general strikes have drawn Greeks from middle school pupils to octogenarians in a desperate struggle to conserve the last shreds of dignity and material survival.
The European Union and its Greek collaborators pillage the treasury, slash employment, salaries and pensions, foreclose on home mortgages and raise taxes. Household budgets shrink to one half or one third of their previous levels.
Supreme Court Authorizes Lawless Wiretapping
by Stephen Lendman
America's Supremes are notoriously hard right. Equal justice under law is just a figure of speech. Rule of law principles and egalitarian fairness don't matter. Power politics corrupts the High Court. It lacks legitimacy.
Five Supreme Court justices are Federalist Society (FS) members. They include Chief Justice John Roberts, Antonin Scalia, Samuel Alito, Anthony Kennedy, and Clarence Thomas. They're ideological extremists.
Israeli Commanders on Trial
by Stephen Lendman
A previous article said Israel's rap sheet makes serial killers look saintly by comparison. It's no exaggeration. Decades of crimes of war, against humanity and genocide explain.
Accountability so far is wishful thinking. Hope springs eternal. In May 2012, Turkey issued arrest warrants. Four former senior IDF officers were named.
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