Tag: money

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Latest IMF data helps us see how political choices impact on health and economic outcomes

Latest IMF data helps us see how political choices impact on health and economic outcomes

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The IMF recently updated their – World Economic Outlook database – April 2021 – which allows for quick cross country comparisons. It shows that the: Eurozone has categorically failed & Austerity is a political choice and it doesn’t work. Meanwhile, China’s GDP growth per capita over the same period is over 100%, … Continue reading Latest IMF data helps us see how political choices impact on health and economic outcomes

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Yellen vows to set up Treasury team to focus on climate, in victory for advocates

Yellen vows to set up Treasury team to focus on climate, in victory for advocates

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The commitments mark a victory for lawmakers and advocates who want the Biden administration to enlist Treasury’s sweeping influence to address the dangers that climate change poses to the economy. Climate change can be addressed and actually benefit the economy as a whole if it’s handled properly. Perhaps Yellen is starting to … Continue reading Yellen vows to set up Treasury team to focus on climate, in victory for advocates

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The mayors piloting guaranteed income programs across the U.S.

The mayors piloting guaranteed income programs across the U.S.

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Meet the mayors pushing for guaranteed income in 30 cities across the country One-off stimulus checks don’t cut it while forcing the population to lock themselves indoors. The United States can afford to do so much more, and EVERYONE, including the rich, benefit as a result. Source: The mayors piloting guaranteed income … Continue reading The mayors piloting guaranteed income programs across the U.S.

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This Year’s Underground Sensation: Modern Monetary Theory | The New Republic

This Year’s Underground Sensation: Modern Monetary Theory | The New Republic

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The economic ideas that once fueled deficit mythbusters and provided hope for a pandemic recovery have spawned a vibrant political subculture. Once people understand where money comes from then they’ll realize that we can start addressing things like climate change and student loans without causing any further hardship. Source: This Year’s Underground … Continue reading This Year’s Underground Sensation: Modern Monetary Theory | The New Republic

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State and local government stimulus needed to avoid long-term drag

State and local government stimulus needed to avoid long-term drag

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Budget shortfalls threaten additional job cuts, gutted social programs, and can cripple states’ abilities to conduct coronavirus vaccination programs. The time for government to do something is now. Check out how other countries are handling the pandemic: Wages subsidized by the government during pandemic: 🇨🇦 – $2,000 a month 🇯🇵 – Up … Continue reading State and local government stimulus needed to avoid long-term drag

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Britain is becoming a GoFundMe nation, with the public doing the government's job

Britain is becoming a GoFundMe nation, with the public doing the government’s job

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By all means step in to feed children or raise money for the NHS, but never forget that the Tories’ aim is to shrink the state, says the Guardian columnist Nesrine Malik Becoming like the United States, in other words. Source: Britain is becoming a GoFundMe nation, with the public doing the … Continue reading Britain is becoming a GoFundMe nation, with the public doing the government’s job

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U.S. government debt will nearly equal the size of the entire economy for first time since World War II, CBO finds - The Washington Post

U.S. government debt will nearly equal the size of the entire economy for first time since World War II, CBO finds – The Washington Post

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The CBO projected that the deficit will be the biggest this year as a share of the economy since 1945. And it means absolutely nothing. In fact the government needs to increase the deficit even more if it wants to avoid a massive, potentially decade long, recession. Source: U.S. government debt will … Continue reading U.S. government debt will nearly equal the size of the entire economy for first time since World War II, CBO finds – The Washington Post