Unemployment is at record lows in both the UK and the US. But “involuntary” part-time work is at least 40% higher in both countries than it was 10 years ago. The structure … Continue reading Unemployment is low only because ‘involuntary’ part-time work is high
A new study finds that partisanship matters more than the influence of the wealthy The rich get what they want from their senators about 60% of the time, research shows. Source: Is … Continue reading Is Congress rigged in favour of the rich?
Facebook gets away with it again When’s fines are so low they are simply the cost of doing business. Source: Facebook’s $5 billion FTC fine is an embarrassing joke – The Verge Continue reading Facebook’s $5 billion FTC fine is an embarrassing joke
We must demand better of our political parties – and there is no excuse for the media either The money spent today addressing climate change may be a fraction of the cost in the future, including countless lives lost, if we wait to do anything. Source: Climate change costings that don’t count … Continue reading Climate change costings that don’t count the cost of inaction are worthless | Climate change | The Guardian
A resolution has been forwarded in the Senate to condemn Modern Monetary Theory. But if the government is now in the condemning-economic-theory business, I have some much better candidates: Monetarist, Trickle Down, … Continue reading The Senate Resolution To Condemn MMT: Here Are Some Better Candidates For Condemnation
Unemployment is low, so why doesn’t it feel better? Because we have fewer people looking for work, stagnating wages, anemic growth, and a private sector with a mountain of debt on its … Continue reading If Unemployment Is So Low Then Why Don’t I Feel Better?
The Democratic Party is cracking down on candidates who hope to be the next Alexandria Ocasio-Cortez, and progressives are fighting back This is not a smart move for the Democrats. Alexandria Ocasio-Cortez … Continue reading Democratic Party is cracking down on progressive primary challengers
Many of the laws restricting local voters’ rights were directly written by a telecom sector terrified of real broadband competition. Report finds that 26 states now either restrict or outright prohibit towns … Continue reading Report: 26 States Now Ban or Restrict Community Broadband
Your photo could be in a face recognition database without you knowing. Last month, EFF’s @jilliancyork discovered her photos, along with other EFF staff, journalists, and activists, were being used to train algorithms to recognize “suspects of interest.” Source: Who’s using your face? The ugly truth about facial recognition Continue reading Who’s using your face? The ugly truth about facial recognition
A bill supported by Democrats and Republicans would make permanent a program that bars the IRS from ever developing its own online tax filing service. This is what lobbying does to our … Continue reading Congress Is About to Ban the Government From Offering Free Online Tax Filing. Thank TurboTax for causing this.
That fact alone doesn’t mean it ought to be scrapped. But we should be clear about its disreputable origins. The same with the Filibuster.. it did NOT come about as a way … Continue reading Opinion | Actually, the Electoral College Was a Pro-Slavery Ploy – The New York Times
Too many of us work too much. It’s not just making us miserable, it’s wrecking the planet. Rather than causing us to forgo things to cut carbon emissions, a Green New Deal … Continue reading Could a Green New Deal Make Us Happier People?
As Democrats present ambitious policy proposals, they are frequently asked how they will be paid for. The answer, increasingly, comes from Stephanie Kelton, the public face of modern monetary theory. Another mainstream media outlet talking about MMT. Source: Can the U.S. Afford Democrats’ Bold Promises? Why One Economist Says Yes – WSJ Continue reading Can the U.S. Afford Democrats’ Bold Promises? Why One Economist Says Yes – WSJ
Maybe we can just spend our way out of a crisis. Actually we can. Source: Modern Monetary Theory explained — why Alexandria Ocasio-Cortez is a fan – Business Insider Continue reading Modern Monetary Theory – MMT: Here’s a plain-English guide to what it is and why it’s interesting | Business Insider
Good job describing Modern Monetary Theory, which, itself, describes how money works and where it comes from. Source: (174) The way politicians talk about economics is wrong – and dangerous – YouTube Continue reading The way politicians talk about economics is wrong – and dangerous