Taking notes 22: The need for a debt strike

by Richard H. Robbins The disclosure of critical flaws in a study used by economists to justify austerity budgets in Europe and the United States once again puts a focus on the role of debt in our economy. The study, Growth in the Time of Debt, by Carmen M. Reinhart and Kenneth S. Rogoff, purported to show that when national debt approaches ninety percent of GDP, economic growth will slow. A new paper, by Thomas Herndon, Michael Ash, and Robert Pollin claims that the process that Reinhart and Rogoff used to select their growth data was skewed to support their conclusion and … Continue reading Taking notes 22: The need for a debt strike

Zombie functionalism and the return of neo-instrumentality in education

by Danny Weil For decades now, the debate in America over education has swerved back and forth between student testing, teacher accountability, standards, competitiveness and what curriculum should contain. With No Child Left Behind ushered in at the beginning of the George W. Bush presidency, America entered into the cartographic reality and morbid morass of high stakes testing, the location on the chess board where the Wall Street financiers and seedy politicians wanted to put public school education after years of neglect and underfunding.  Why?  For not only is the attack on public education one aimed at destroying teacher unions … Continue reading Zombie functionalism and the return of neo-instrumentality in education