If you increase living standards, you make labor more productive. This is why Asia today is becoming more productive than the United States.

When you say "paying the banks," what they really mean is paying the bank bondholders. They are basically the One Percent.

I think the Republican tax law is so bad that it almost guarantees a Republican victory, precisely because it's so bad. The seeming irony is that it's so bad that it enables the Democratic Party to think, "A-ha, all we have to do is be the lesser evil.

Trump's claims that he's making taxes more democratic for the people, but it actually is a vast sucking of income and wealth upward.

When people are running up more and more debt for housing, they call that "real wealth." It exposes what's wrong in the mainstream economics and why most of the economics that justifies austerity programs and economic shrinkage is in the textbooks is not scientific. Junk economics denies the role of debt and denies the fact that the economic system we have now is dysfunctional.

You have the economic vocabulary turning into vocabulary of deception.

Trump has said that he wants to remove the tax deductibility of interest. If he can do that, fine. But I hope that Trump knows that it's not the President that sets tax policy. It's Congress.