The old rules are being rejected, among liberals and conservatives, politicians and economists. Finally. Things like climate change or the explosive cost of healthcare, even student debt, cannot be addressed until people … Continue reading How America Learned to Stop Worrying and Love Deficits and Debt – The New York Times
Charity calls for 1% wealth tax, saying it would raise enough to educate every child not in school This kind of inequality is a threat to the very existence of democracy due … Continue reading World’s 26 richest people own as much as poorest 50%, says Oxfam | The Guardian
Just what would a “Green New Deal” entail, exactly? IT’S THE SPRING of 2043, and Gina is graduating college with the rest of her class. She had a relatively stable childhood. Her … Continue reading With a Green New Deal, Here’s What the World Could Look Like for the Next Generation
Why focus on production of goods, rather than on health, education and environment? We need to focus on the wellbeing of the people instead of a number that has no reflection on … Continue reading GDP is not a good measure of wellbeing – it’s too materialistic | Joseph Stiglitz | Business | The Guardian
Millennials are less well off than members of earlier generations when they were young. They have lower earnings, fewer assets, and less wealth, a new Federal Reserve study says. Spending habits of … Continue reading Why Aren’t Millennials Spending? They’re Poorer Than Previous Generations, Fed Says
The U.S. could follow Sweden’s example to solve its problems with the welfare state, former Federal Reserve Chairman Alan Greenspan said. Greenspan, who argues in his latest book that the growth of spending … Continue reading Alan Greenspan Says Look to Sweden to Solve U.S. Entitlement Problem
A simple explanation of how money actually works and what that means for society as a whole. Continue reading What is Modern Monetary Theory by Stephanie Kelton
This stark contrast between Republicans and Democrats was front-and-center at the second annual Modern Monetary Theory conference. People are starting to learn exactly how money works, and it’s about time, because the … Continue reading Modern Monetary Theory Grapples With People Actually Paying Attention to It
Economics professor and Bernie Sanders advisor Stephanie Kelton has helped develop a school of economic thought known as modern monetary theory. It simply shows how the economy works and where money comes … Continue reading Stephanie Kelton Wants You to Rethink the Deficit – Barron’s
House Democrats promise to handcuff their own agenda. …by resurrecting the “pay-go” rule that mandates all new spending is offset with budget cuts or tax increases. Along the way, she is playing … Continue reading Nancy Pelosi Promises That Democrats Will Handcuff the Democratic Agenda If They Retake the House
Capitalism’s near-death experience was a golden opportunity for progressives. But they blew it, says the Guardian’s economics editor Larry Elliott Yep. Maybe the young will finally stand up and fight the status … Continue reading Ten years after the financial crash, the timid left should be full of regrets
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