This article is cross-posted on Naked Capitalism.
Another Monday, another “deficit crisis” panic. If you haven’t got the feeling yet that you’re being played like a sucker over this alleged “deficit crisis,” then let me help you cross that cognitive bridge to dissonance. It comes in the figure of the recently-deceased William Niskanen, the embodiment of how Reaganomics and the Koch brothers’ libertarian movement were joined at the hip. Niskanen was an advisor to Ronald Reagan throughout the 1970s; a board director for the Koch-founded Reason Foundation; a member and chairman of Reagan’s Council on Economic Advisers from 1981-85; and he moved directly from Reagan’s side back to the Koch brothers’ side, as chairman of the libertarian Cato Institute from 1985 until 2008. This is a brief story about how the 1% transformed this country into a failing oligarchy, and their useful tools, starting with A-list libertarian economist William Niskanen, Chicago School disciple of Milton Friedman, advocate of the rancid “public choice theory.” (more…)
I’ve often wondered why the American Right has been so quiet about V.S. Naipaul. He’s easily the most talented reactionary writer in the English language–maybe the only living talent left in the right-wing zombiesphere. The American Right devotes an insane…
For all those feeling the pinch this Tax Day, rest assured America’s wealthiest one percent have no idea what you’re going through. Not only have they shaved over $100 billion off their income taxes thanks to Bush’s tax cuts, but many won’t be paying their property taxes, either.
“I know these people in my goddamn blood!” –Hunter S. Thompson’s Attorney I’ve had Reagan all my life. In 1967, 13 years before the rest of you got President Reagan, he became governor of California. It was the terrarium in…
This article was first published in The eXile on June 10, 2004 “One thing’s for sure. Pessimism never created a job.” — From Bush’s new anti-Kerry television ad For my first two months out here, watching the Republican goon-machine retreat into the…
Homeless Mourn Reagan Normanson PodKristolwitz June 10, 2004 NEW YORK (Weekly Standard) — Hundreds of thousands of homeless Americans mourned the death of former president Ronald Reagan, whom they view as a hero and patron for cutting government funding of…
