That's why Apple, Microsoft and the big information technology companies have kept so much money registered abroad (although in US dollar accounts with a nominal foreign address's owner). They pretend to make their global income in Ireland. They have an office, which could be simply a postal drop box in Ireland, and claim to make all their money there, not in America.

On the flat tax, the more you compress the tax rates, the more you untax where the income is really made, at the top of the pyramid.

In order to be an economist these days, you have to participate in this fairytale that somehow we can recover and still make the banks rich. And it is a fairytale.

You have the economic vocabulary turning into vocabulary of deception.

You have a choice. Either you can have more oil, or more clean water. Fracking is not good for the water supply.

Europe is creating the flight of refugees that's tearing it apart politically, and leading rightwing nationalist parties to gain power to withdraw from the Eurozone.

In fact, there's no way that banks can be paid everything that they're owed.