Yves Smith — The Three Card Monte of Generational Warfare

As usual, incisive analysis from Yves. She doesn't bury the lede or beat around the bush. 

How neoliberalism took over America.

Stock speculator Jay Gould remarked, “I can hire one half of the working class to kill the other half.” That, sports fans, is the real foundation of the generational warfare propaganda effort.

Naked Capitalism
The Three Card Monte of Generational Warfare
Yves Smith

Josh Eidelson — Tea Partiers V. Millennials: Why the Far Right Disdains Young People, Even Their Own Kids

Sociologist Theda Skocpol explains what drives the angry right, and what to expect next from them.

The past weeks’ showdown in Washington, D.C., has shocked and perplexed some observers. Theda Skocpol was not among them. Skocpol, a veteran Harvard professor, is the author of books on topics ranging from the politics of the U.S. welfare state (Protecting Soldiers and Mothers) to the state of grassroots political engagement (Diminished Democracy), and of the definitive social science tome on the Tea Party (The Tea Party and the Remaking of Republican Conservatism, with Vanessa Williamson).

With the immediate debt ceiling/shutdown showdown coming to a close, Salon called up Skocpol Wednesday to discuss how the media misunderstand the Tea Party, how an unpopular movement can move so many members of Congress, and why the right hates Obama’s moderate healthcare law so much. What follows is an edited and condensed version of our conversation.

Salon
Tea Partiers V. Millennials: Why the Far Right Disdains Young People, Even Their Own Kids
Josh Eidelson

Bill Mitchell — Ageing, Social Security, and the Intergenerational Debate – Part 3

I am now using Friday’s blog space to provide draft versions of the Modern Monetary Theory textbook that I am writing with my colleague and friend Randy Wray. We expect to publish the text sometime early in 2014. Comments are always welcome. Remember this is a textbook aimed at undergraduate students and so the writing will be different from my usual blog free-for-all. Note also that the text I post is just the work I am doing by way of the first draft so the material posted will not represent the complete text. Further it will change once the two of us have edited it.

Previous part of this series:

▪ Ageing, Social Security, and the Intergenerational Debate – Part 1

▪ Ageing, Social Security, and the Intergenerational Debate – Part 2 

Chapter 25 Recent Policy Debates

In this Chapter we consider the following policy debates:

▪ 25.1: Ageing, Social Security, and the Intergenerational Debate

▪ 25.2: Twin Deficits and Sustainability Of Budget Deficits

▪ 25.3: Fixed Versus Flexible Exchange Rates: Optimal Currency Areas, the Bancor, or Floating Rates?

▪ 25.4: Economic Growth: Demand or Supply Constrained?

▪ 25.5: Environmental Sustainability and Economic Growth

25.1 Ageing, Social Security, and the Intergenerational Debate 

[NOTE: I HAVE EDITED THIS SHORT SECTION FROM PART 2]

Bill Mitchell – billy blog

Ageing, Social Security, and the Intergenerational Debate – Part 3

Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at the Charles Darwin University, Northern Territory, Australia

Bill Mitchell — Ageing, Social Security, and the Intergenerational Debate – Part 2

I am now using Friday’s blog space to provide draft versions of the Modern Monetary Theory textbook that I am writing with my colleague and friend Randy Wray. We expect to publish the text sometime early in 2014. Comments are always welcome. Remember this is a textbook aimed at undergraduate students and so the writing will be different from my usual blog free-for-all. Note also that the text I post is just the work I am doing by way of the first draft so the material posted will not represent the complete text. Further it will change once the two of us have edited it. 



Chapter 25 Recent Policy Debates

In this Chapter we consider the following policy debates:
▪ 25.1: Ageing, Social Security, and the Intergenerational Debate
▪ 25.2: Twin Deficits and Sustainability Of Budget Deficits
▪ 25.3: Fixed Versus Flexible Exchange Rates: Optimal Currency Areas, the Bancor, or Floating Rates?
▪ 25.4: Economic Growth: Demand or Supply Constrained?
▪ 25.5: Environmental Sustainability and Economic Growth

25.1 Ageing, Social Security, and the Intergenerational Debate
[NOTE: I HAVE EDITED THIS SHORT SECTION FROM PART 1]

Bill Mitchell – billy blog
Ageing, Social Security, and the Intergenerational Debate – Part 2
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at the Charles Darwin University, Northern Territory, Australia

Zero Hedge — The Global Demographic Dependency Debacle

Read it at Zero Hedge (very short, chart self-explanatory)
The Global Demographic Dependency Debacle
Submitted by Tyler Durden