MMT essentially proposes that money is created ex nihilo or out of nothing. Whether it is private banks, central banks or governments, money is an abstract concept of ones and zeros. Thus, … Continue reading Actually the magic money tree does exist, according to modern monetary theory

A full-time job is increasingly rare. This is not healthy for people’s financial, as well as overall well-being. Source: Almost all the 10 million jobs created since 2005 are temporary — Quartz Continue reading Almost all the 10 million US jobs created since 2005 are temporary

President Trump’s E.P.A. is fine with children eating food tainted by a pesticide derived from a nerve gas. This is not good, no matter who the president is! Source: Trump’s Legacy: Damaged … Continue reading Trump’s Legacy: Damaged Brains

In the final hours of Tuesday night, the Senate voted to nullify a rule that would’ve allowed customers of banks, credit-card companies, and other financial institutions to join together in class-action lawsuits … Continue reading Congress’s Late-Night Vote to Protect Banks From Lawsuits

Poland wants the euro zone to become stronger before making a decision whether to join the single currency, Finance Minister Mateusz Morawiecki said. “We are holding our fingers crossed for the euro … Continue reading Poland Wants Strong Euro Zone Before Mulling Membership – Finance Minister

Portuguese non-neutral ISP shows us what our Trumpian internet will look like Source: Portuguese non-neutral ISP shows us what our Trumpian internet will look like / Boing Boing Continue reading Portuguese ISP shows us what our internet will look like without net neutrality

Basic Income is often promoted as an idea that will solve inequality and make people less dependent on capitalist employment. However, it will instead aggravate inequality and reduce social programs that benefit … Continue reading Universal Basic Income is a neoliberal plot to make you poorer

The Whitefish scandal is a typical case of disaster capitalism, in which greedy corporations exploit disasters to gain private ownership of public assets, public resources, public utilities, and public infrastructure. All of this … Continue reading The Whitefish scandal – Puerto Rico

The president’s announcement of an emergency over the opioid epidemic may be more symbolic, with no plan to assign money for state’s proposed measures In other words, this does nothing except allow … Continue reading Trump to declare health emergency over opioids but no new funds to help

  The EU’s proposal to split up retail and investment banks is buried. So much for reigning in these “too big to fail” banks. As the article states: The withdrawal of the … Continue reading Banks Win as EU Scraps Proposal to Split Up Retail and Investment Banks

In Scotland, water is already publicly owned – as it is in Paris and cities around the world. You’re taking something that owned by the public and selling it to a company … Continue reading Privatisation is a rip off that has gone on long enough – and the public knows it

The White House’s estimate of gains for the average American family rests on a lot of assumptions and is disputed by economists on the right and left alike. It might just have … Continue reading Why The GOP Tax Plan May Not Generate A $4,000 ‘Raise’ For American Families