Friday, February 27, 2009

Robert Reich: Why We Need Stronger Unions, and How to Get Them

This is a blog entry by Robert Reich (former Labor Secretary under Bill Clinton) from January 27, 2009.  Even though it's a few weeks old, I wanted to post this because I think Reich gets to the heart of our current economic crisis.  In a nutshell, labor has been receiving a diminishing share of the prosperity which they helped create.

Book of the Week

Each week I'll try to recommend a book that I feel provides insight into how THE ECONOMY works. I'll start with Richard Douthwaite's Ecology of Money. If you truly want to understand how banks work and how "wealth" gets distributed, this is the book to read.

Richard Douthwaite is a co-founder of the The Foundation for the Economics of Sustainability (FEASTA), an economic think-tank based in Ireland.

A PDF version of the book is available for free download at the FEASTA web site:
http://www.feasta.org/documents/moneyecology/contents.htm

Thursday, February 26, 2009

Paul Craig Roberts: How the Economy was Lost

Article by Paul Craig Roberts, former Assistant Treasury Secretary under Ronald Reagan, from counterpunch.org.


How the Economy was Lost