Republican’ts and other critics of deficit spending criticize Obama and the Dems either for not fixing the heart attack our economy had or making the patient worse. Please tell me what other option do economic doctors have other than deficit spending to cure a massive hole in the economy, If anyone says tax breaks, I’ll…

From 1986 to 1991, Japan’s local companies over-invested in equity and assets such as real estate. I believe the money to over-invest might best have been taken away as taxes, prior to being invested in trendy assets. As draconian as that may seem, we observe in hindsight that the over-investment led to an asset bubble…

In the 1920′s, conservatives advocated deregulation and large tax cuts for the wealthy, saying that they’d produce prosperity for all. This was known at the time as "Mellonomics," after long-serving Treasury Secretary Andrew Mellon. Instead, we got a relatively short-lived credit boom, a massive asset bubble, stagnant or falling incomes for the majority of workers,…