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If Government Can Print Money, Why Does It Borrow? | Levy Economics Institute
Recently, the neglected question of why the US government borrows, given that it can print money, has arisen in the context of discussions surrounding a new documentary, Finding the Money. As L. … Continue reading If Government Can Print Money, Why Does It Borrow? | Levy Economics Institute
Finding the Money – There’s another side to the national debt.
New documentary that explains how money works and how pretty much everyone today gets it all backwards. Source: Finding the Money – There’s another side to the national debt. Continue reading Finding the Money – There’s another side to the national debt.
Vermont senator Bernie Sanders introduces four-day workweek bill
Independent lawmaker says it’s time for workers to have a better quality of life with a 32-hour workweek without loss of pay Would be nice and might even be more productive! Source: Vermont senator Bernie Sanders introduces four-day workweek bill | Bernie Sanders | The Guardian Continue reading Vermont senator Bernie Sanders introduces four-day workweek bill
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The US Eliminated Nearly 21,000 Election Day Polling Locations for 2020
Exclusive VICE News analysis shows a 20% cut in election locations nationwide, and much deeper cuts in California, Maryland, Kentucky, New Jersey, Nevada and North Dakota. Not a smart move if we’re … Continue reading The US Eliminated Nearly 21,000 Election Day Polling Locations for 2020
Biden Says He Will Convene Bipartisan Commission To Study Reforms To U.S. Courts
The Democratic nominee envisions a bipartisan group of constitutional scholars who would, after 180 days, make recommendations to reform the court system, which Biden calls “out of whack.” Packing the court refers to something FDR threatened to do when the Supreme Court tried to stop his New Deal from happening. It means … Continue reading Biden Says He Will Convene Bipartisan Commission To Study Reforms To U.S. Courts
The world set a 2020 deadline to save nature and failed every target – CNN
In 2010, leaders from 196 countries gathered in Japan and agreed on a list of goals designed to save the Earth. Not a good start. Source: UN biodiversity report: The world set a 2020 deadline to save nature and failed every target – CNN Continue reading The world set a 2020 deadline to save nature and failed every target – CNN
Milton Friedman Was Wrong. Look at Income Inequality.
The economist’s doctrine has warped our understanding about the people an economy is supposed to serve. it’s the reason why the stock market is through the roof yet we are all struggling right now! Source: Milton Friedman Was Wrong. Look at Income Inequality. Continue reading Milton Friedman Was Wrong. Look at Income Inequality.
America’s 1% Has Taken $50 Trillion From the Bottom 90% | Time
A new report shows that a $50 trillion redistribution of income to benefit the richest has made America less healthy, resilient, and secure Every year, $2.5 trillion—that’s trillion, with a “t”—is redistributed from the bottom 90 percent of Americans to the wealthiest 1 percent. That $50 trillion used to go to working … Continue reading America’s 1% Has Taken $50 Trillion From the Bottom 90% | Time
David Graeber: what the government doesn’t want you to know about debt – video | Opinion | The Guardian
The one taboo of economics that the government is hiding from the public is the fact that if the government balances its books, it becomes impossible for the private sector to do … Continue reading David Graeber: what the government doesn’t want you to know about debt – video | Opinion | The Guardian
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
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
Greenland’s ice sheet has melted to a point of no return, study finds
Greenland’s ice sheet has melted to a point of no return, and efforts to slow global warming will not stop it from disintegrating. That’s according to a new study by researchers at Ohio State University. Not good. Source: Greenland’s ice sheet has melted to a point of no return, study finds – … Continue reading Greenland’s ice sheet has melted to a point of no return, study finds
USPS removing mail-sorting machines is latest change ahead of election – Business Insider
Over a dozen sorting machines — which can process 35,000 pieces of mail per hour — have reportedly been dismantled and removed in recent weeks. The sorting machines that can handle 35,000 pieces of mail per hour, 19 of them have been dismantled and REMOVED while Congress is on vacation. Source: USPS … Continue reading USPS removing mail-sorting machines is latest change ahead of election – Business Insider
E.P.A. to Lift Obama-Era Controls on Methane, a Potent Greenhouse Gas
The reversal is the latest move in the Trump administration’s ongoing effort to weaken environmental rules, but it could be quickly undone after the November election. This is not the time to be going backwards on the environment. Source: E.P.A. to Lift Obama-Era Controls on Methane, a Potent Greenhouse Gas – The … Continue reading E.P.A. to Lift Obama-Era Controls on Methane, a Potent Greenhouse Gas
Portland sees peaceful night of protests following withdrawal of federal troops | US news | The Guardian
Thursday night’s protest passed off without major incident or intervention by the police in the absence of federal officers Does that indicate something? Source: Portland sees peaceful night of protests following … Continue reading Portland sees peaceful night of protests following withdrawal of federal troops | US news | The Guardian
Opinion | M.M.T. Shows the Trillion-Dollar U.S. Deficits Are OK – The New York Times
Our country’s myth about federal debt, explained. The idea that our country’s national debt creates a burden on future generations is a complete fabrication. Source: Opinion | M.M.T. Shows the Trillion-Dollar U.S. Deficits Are OK – The New York Times Continue reading Opinion | M.M.T. Shows the Trillion-Dollar U.S. Deficits Are OK – The New York Times
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