Republicans and Democrats should stop obsessing over using the deficit as a guide to public policy. Government deficits equal private sector surpluses. A whole slew of the world’s problems can be solved … Continue reading How We Think About the Deficit Is Mostly Wrong – NYTimes.com
The robot factory Adidas built in Germany is now fully functional and ready to start making the first Speedfactory shoe that will be sold to the public. Adidas has revealed that it … Continue reading Adidas will finally start selling shoes made by its robot factory
The Democrats claim to be the Party that “really cares” about the deficit. This is not simply dishonest and financially illiterate, it is also a trap. It’s time for our politicians to … Continue reading Jared Bernstein & the cost of not understanding sovereign currencies
Already, the U.S. oil industry benefits from a dozen specialized subsidies adding up to about $4.6 billion per year, according to a 2015 review by the Obama administration. Among other things, the subsidies reduce the costs of labor and equipment involved in drilling — and shield some of the profits earned on … Continue reading Forget the Paris agreement. The real solution to climate change is in the U.S. tax code.
Energy minister Paul Wheelhouse tells MSPs that fracking “cannot and will not take place in Scotland”. Wow, a country standing up to the oil and gas industry? It’s about time. Source: Scottish … Continue reading Scottish government backs ban on fracking
It’s a sign of just how extreme US and global wealth inequality has become that even the folks on the winning side of the class war are starting to worry about it. … Continue reading Inequality is getting so bad even Wall Street is starting to pay attention
In many countries, the richest 1% have benefited disproportionately from economic growth in recent years, the IMF says. The IMF says fiscal policy is “a powerful instrument for ensuring inclusive growth and … Continue reading Inequality makes growth less sustainable, IMF says
The island’s creditors have barely even given the obligatory thoughts and prayers. But they do have a deal for Puerto Rico. What a way to capitalize on a sutuatuon! Source: Puerto Rican … Continue reading Puerto Rican Debt Holders Respond to Catastrophic Hurricane by Offering Puerto Rico More Debt
This guy running the FCC is the very definition of “The Swamp” and is willing to destroy the Internet and the FCC just to get a nice high paying job after he … Continue reading Just How Unpopular, How Wrong on the Facts, How Misguided Is the FCC Proposal to Rollback Network Neutrality and Broadband Privacy?
The fund needs to have the courage of its convictions Again, the IMF’s research shows that its policy of forcing austerity on countries, especially with the EU, is the exact opposite of what it should be doing. Source: The IMF’s road to enlightenment Continue reading The IMF’s road to enlightenment
The solution is simple. It just takes money. Source: How to save Puerto Rico Continue reading How to save Puerto Rico
The island has become a target not only for rapacious vulture funds but also for exponents of Katrina-style “disaster capitalism.” Just because the residents of Puerto Rico can’t vote for members of … Continue reading Puerto Rico Needs Massive Emergency Aid Now—and an End to Austerity
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