Recent Posts

  • Shorting Economists: The ‘Experts’ Keep Getting it Wrong

    By Steven Hill, Truthdig, August 19, 2010

    That modern-day guild known as “economists” has been on a self-righteous rampage lately. This latest rash of finger-wagging was kicked off by the Greek debt crisis. Looking at tiny Greece, these economic Cassandras foresee a menacing future for the entire global economy if President Barack Obama and Europe don’t rein in their budget deficits.…

  • Angela Merkel: The World’s ‘Most Valuable Leader’

    By Steven Hill, Social Europe Journal, August 18, 2010

    Forget Barack Obama. Forget the Hu Jintao/Wen Jiaboa duo, or David Cameron or Vladimir Putin. Germany’s Chancellor Angela Merkel is the world’s most important leader. The latest report showing Germany’s economy growing at a blistering annual rate of nearly 9%, well into recovery from a US-made economic collapse, is just further evidence of the obvious. …

  • The Economic Fallacy of ‘Zombie’ Japan

    By Steven Hill, Guardian, August 11, 2010

    Japan has been getting a raw deal from the so-called economic experts. Consider this: in the midst of the great recession, the United States is suffering through nearly 10% unemployment, rising inequality and poverty, 47 million people without health insurance, declining retirement prospects for the middle class and a general increase in economic insecurity.…

  • Don’t scorn Germany and Japan; learn from them

    By Steven Hill, Los Angeles Times, July 29, 2010

    In the midst of the Great Recession, the United States is suffering through nearly 10% unemployment, rising inequality and poverty, 47 million people without health insurance, declining retirement prospects for the middle class and a general increase in economic insecurity. The global marketplace has become tumultuous, so when we find a bright spot, one would think it deserves a mention.…

  • Swiss offer a fix for direct democracy

    By Steven Hill, Sacramento Bee, July 2, 2010

    I recently participated in a research trip to Switzerland to study the alpine nation’s system of direct democracy (initiative and referendum, or I&R). Its model offers fresh ideas about how to repair the dysfunctional initiative process in California and San Francisco.

    In California, it takes approximately 750,000 signatures to put a constitutional amendment on the ballot — almost 3 percent of the statewide population — and about three-fifths that for a nonconstitutional statute.…