Stories by James K. Galbraith

James K. Galbraith is the author of The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too, and of a new preface to The Great Crash, 1929, by John Kenneth Galbraith. He teaches at the University of Texas at Austin. subscribe to James K. Galbraith's feed

Why Obama Has a Tricky Tightrope Act to Pull Off in His Big Speech

Posted on: Sep 5, 2012, Source: AlterNet

How can Obama craft an effective campaign message given a weak economy and parts of his own record?

John Maynard Keynes Knew What Occupy Wall Street Tells Us Today: "Banks and bankers are by nature blind."

Posted on: Nov 11, 2011, Source: AlterNet

Economist Friedrich Hayek is the darling of conservatives. Progressives prefer John Maynard Keynes. But when it comes to sensible policy, there's really no contest.

How Obama Is Neutralizing the Left and Tilting Rightward

Posted on: Aug 8, 2011, Source: Deutsche Welle

Obama is a willful player in an epic drama of faux-politics.

Deficit Predators: Everything You Need to Know About the Twisted, Dangerous Debt Ceiling Fight

Posted on: Jul 11, 2011, Source: New Deal 2.0

The debt ceiling is an exercise in bad faith. And any deal that cuts social programs will be catastrophic for millions of Americans.

Galbraith: Whose Side Is Obama on?

Posted on: Dec 9, 2010, Source: NewDeal 2.0

The fate of the entire country is at stake -- we must reimagine our economy.

Moment of Lies: Galbraith Attacks Lack of Evidence for Frantic Deficit Fear Mongering

Posted on: Dec 3, 2010, Source: New Deal 2.0

The sky is falling, but not enough to tax the rich apparently.

Obama's Biggest Mistake: Selling Out to the Bankers

Posted on: Nov 7, 2010, Source: New Deal 2.0

The original sin of Obama's presidency was to trust bank-friendly economists and Bush carryovers, whose primary goal was to protect their own past decisions and futures.

James K. Galbraith: Why the 'Experts' Failed to See How Financial Fraud Collapsed the Economy

Posted on: May 14, 2010, Source: AlterNet

Galbraith to senators: "I write to you from a disgraced profession. Economic theory ... failed miserably to understand the forces behind the financial crisis."

In Defense of Deficits

Posted on: Mar 5, 2010, Source: The Nation

The deficit phobia of Wall Street, the media, politicians and some economists is one of the deepest dangers that we face -- and it threatens all of us.

Corporate Fearmongering About the Deficit Undermines Efforts for Desperately Needed Jobs

Posted on: Feb 21, 2010, Source: Comment Is Free

Deficit propaganda is a deliberate effort to defeat the will of an electorate that wants economic recovery and financial reform.

Why Progressives Shouldn't Fall For the Deficit Reduction Trap

Posted on: Jan 25, 2010, Source: AlterNet

The fetish of long-term deficit reduction is politically poisonous -- and economically pointless. In reality, we need big budget deficits. We need them now -- and down the road.

This Crisis Is Way Bigger Than Dead Banks and Wall Street Bailouts

Posted on: Mar 22, 2009, Source: Washington Monthly

Why the economic crisis, and its solution, are bigger than anyone has so far admitted.

Stimulus Is for Suckers: We Need a Recovery Plan that Will Last for Years

Posted on: Dec 11, 2008, Source: Mother Jones

All those billions don't add up to much, but here's how Obama can get us on track to a real recovery.

Is the GOP Cooking the Books to Avoid Recession Until After Election Day?

Posted on: Jul 7, 2008, Source: Mother Jones

Two enormous clouds remain for whoever becomes president: the housing slump and the banking crisis. Both are far from being finished yet.

The New Stagflation

Posted on: Sep 12, 2004, Source: Washington Monthly

Bush's top economic priority has always been to cut taxes on the wealthy; his second term could finish the job.