Most Read Realitybase Posts in February
Monday, February 28, 2011 at 08:25AM
Skeptic

The American Dream died in February 1973 (with graphs from multiple sources showing stagnation of inflation-adjusted middle class incomes since the 1970s after strong and steady post-WWII growth)

The Citigroup Plutonomy Memos (with key quotations from documents that are being disappeared)

One chart refutes three myths about US foreign trade. (about Smoot-Hawley, the post-WWII export "boom," and "self-balancing" trade)

US job creation has been declining since April 2000 and is now in freefall. (features a dramatic graph)

Comparative Advantage—The Unicorn of Free Trade (a collection of sources and analyses demonstrating that the assumptions of classic Ricardian theory rarely if ever align with real-world conditions)

The Recession is Coming! The Recession is Coming! (December 2007 post with charts showing America's middle class had already been in recession for 7 years and asking if we really care about them)

More and better education is good but is no solution to our jobs and inequity problems. (for decades we've had way too many college grads for the jobs available—with stats showing over half of BAs under 25 and a third of those 25-29 working in low-skill jobs, plus links to supporting posts and articles)

The US trade deficit is tribute paid to foreigners. And it's big. (Nobel laureates Paul Samuelson and Paul Krugman and other prominent economists including Dani Rodrik, Alan Blinder, Martin Wolf, Larry Summers, Joseph Stiglitz, Dean Baker, and even Alan Greenspan have said that the US middle class is net worse off as a result of persistent trade deficits averaging 3% of GDP.)

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