Robert E. Prasch
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Robert E. Prasch is Professor of Economics at Middlebury College where he teaches Monetary Theory and Policy, Macroeconomics, and American Economic History. His most recent book is How Markets Work: Supply, Demand and 'The Real World' (Edward Elgar, 2008).

Blog Entries by Robert E. Prasch

President Obama's Speech and the Unemployed: Why Now?

Posted September 4, 2011 | 20:30:00 (EST)

With Labor Day here, football season is upon us and the baseball playoffs are around the corner. Yet the buzz in Washington D.C. is all about the President's forthcoming speech on unemployment. Undoubtedly, sports coverage will be detailed and in-depth. History, fact, and causal statements will feature prominently in the...

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Dealing With the Unemployment Problem

Posted June 14, 2011 | 15:44:31 (EST)

President Obama has, reportedly, been frustrated with his administration's failure to devise insightful or innovative ways to resolve the problem of lasting and persistent unemployment. Let us review the record. He began by continuing the previous administration's bank bailout programs where the Treasury and Federal Reserve directly and indirectly supplied...

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Supply-Side Economics in Fact and Fancy

Posted May 9, 2011 | 14:47:27 (EST)

Supply-side economics is a hearty perennial, one that closely follows the election cycle. Every four years ambitious Republican politicians (and not a few 'centrist' Democrats) rediscover that the wealthy would like to pay less in taxes. But the rhetoric of politics does inhibit the wealthy, their kept intellectuals, and paid...

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Join a World-Wide Bank Run in December -- Move Your Money

Posted November 24, 2010 | 16:03:28 (EST)

"A spectre is haunting Europe." Its not the revolution that Karl Marx supposed would come about. Nor is it Parisian students and workers taking to the streets as in May 1968. It is the vision of hordes of Europeans striking back at those who caused the 2008 financial crash. This...

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Shadow Elite: On the Trail of "Government Sachs"

Posted February 18, 2010 | 07:58:16 (EST)

This week, the New York Times detailed Goldman Sachs' machinations in Greece's project to obscure billions in debt, as the country skirted the budgetary limits it was obliged to meet as a member of the European Union. Sordid as it was, it was only one more example of...

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