February 5, 2026I have previously referred to billionaire Nick Hanauer, and his clear-eyed view of what economic evidence tells us. Hanauer has, for example, explained multiple times why raising the minimum wage, not cutting taxes, creates jobs: it’s when people have enough disposable income to buy your widgets that employers hire people to make them.Continue reading “Listen To Nick Hanauer”
Search results for: Nick Hanauer
Proving Nick Hanauer Right
August 3, 2019I have previously cited Nick Hanauer, the billionaire who has repeatedly pointed out that the belief–embraced by the GOP–that raising the minimum wage depresses job creation is a fallacy. As Hanauer has emphasized, this economic theory has cause and effect backwards: jobs are created by demand. (If you aren’t selling your widgets, you aren’t hiringContinue reading “Proving Nick Hanauer Right”
Listen To Nick Hanauer
October 21, 2017Recently, I posted about the difference between tax cuts and tax reform, and why we need the latter but not the former. That argument was made–far more persuasively than I made it–by billionaire Nick Hanauer, in a recent post to Politico. The Republican tax plan is a scam—a massive and destructive financial giveaway masqueradingContinue reading “Listen To Nick Hanauer”
Broad-Brush Bigotry
February 6, 2026Yesterday, in a post about Nick Hanauer, I insisted that no group should be stereotyped–including people who are obscenely rich. Broad-brush negative characterizations–stereotypes– are increasingly being applied to constituencies seen as “Other”–usually, folks with different skin colors or religions but also financial categories. I don’t waste a lot of sympathy on billionaires, whoContinue reading “Broad-Brush Bigotry”
Economic Propaganda
December 29, 2023I will be the first to admit that my knowledge of economics is incredibly superficial. (Perhaps I’m being defensive, but I suspect that “superficial”–or even “non-existent” also describes the technical economic expertise of most of my fellow Americans.) As I previously explained, my recent reading about Modern Monetary Theory was prompted by theContinue reading “Economic Propaganda”