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The guy behind “Mint the Coin” to end the debt ceiling: The trillion-dollar scheme, explained by its inventor - Vox

The guy behind “Mint the Coin” to end the debt ceiling: The trillion-dollar scheme, explained by its inventor – Vox

Instead of issuing new debt and running afoul of the debt ceiling, the Treasury secretary could simply fund the government by minting platinum coins. In 2013, even former US Mint Director Philip Diehl agreed it would work, and over the years, influential voices like financial journalist Joe Weisenthal and New York Times … Continue reading The guy behind “Mint the Coin” to end the debt ceiling: The trillion-dollar scheme, explained by its inventor – Vox

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China is cracking down on pessimistic financial blogs and social media accounts, as well as fraudulent ones; analysts worry independent voices will be silenced

China is cracking down on pessimistic financial blogs and social media accounts, as well as fraudulent ones; analysts worry independent voices will be silenced (Financial Times) Could it be that something similar … Continue reading China is cracking down on pessimistic financial blogs and social media accounts, as well as fraudulent ones; analysts worry independent voices will be silenced

America has $1.73 trillion in student debt—borrowers from these states owe the most

America has $1.73 trillion in student debt—borrowers from these states owe the most

Not all states shoulder the same share of the student debt crisis. This is preventing graduates from being able to do the things their parents did, like buy a home. The government could wipe this debt out with a keystroke if it wanted to. It’s time to take this option seriously. Source: … Continue reading America has $1.73 trillion in student debt—borrowers from these states owe the most

20 meat and dairy firms emit more greenhouse gas than Germany, Britain or France | Meat industry | The Guardian

20 meat and dairy firms emit more greenhouse gas than Germany, Britain or France | Meat industry | The Guardian

Livestock companies with large emissions receive billions of dollars in funding, campaigners say But people love their meat and dairy! Source: 20 meat and dairy firms emit more greenhouse gas than Germany, Britain or France | Meat industry | The Guardian Continue reading 20 meat and dairy firms emit more greenhouse gas than Germany, Britain or France | Meat industry | The Guardian

Climate Change Is Bankrupting America's Small Towns - Slashdot

Climate Change Is Bankrupting America’s Small Towns – Slashdot

“Rather than bouncing back, places hit repeatedly by hurricanes, floods and wildfires are unraveling,” reports the New York Times. “Residents and employers leave, the tax base shrinks and it becomes even harder to fund basic services.”That downward spiral now threatens low-income communities in the path this week of Hurricane Ida and those … Continue reading Climate Change Is Bankrupting America’s Small Towns – Slashdot

Dutch cities want to ban property investors in all neighborhoods

Dutch cities want to ban property investors in all neighborhoods

The large municipalities in the Netherlands plan to make wide use of a legislative amendment that will allow them to designate neighborhoods where investors won’t be allowed to buy cheap and medium-priced homes and rent them out, NOS found after surveying the municipalities.  This legislative amendment is expected to take effect on … Continue reading Dutch cities want to ban property investors in all neighborhoods

Fears for future of American journalism as hedge funds flex power

Fears for future of American journalism as hedge funds flex power

Financial firms control half of US daily newspapers as pandemic worsens industry’s plight Hedge funds are literally taking away everything that’s good in this world, from buying up all the private homes thus destroying the American dream to buying up all the local news outlets, thus destroying democracy. Source: Fears for future … Continue reading Fears for future of American journalism as hedge funds flex power

Price rises should be short-lived – so let’s not resurrect inflation as a bogeyman | William Mitchell

Price rises should be short-lived – so let’s not resurrect inflation as a bogeyman | William Mitchell

Until full employment is reached, governments need not cut back on public spending, says William Mitchell, co-founder of modern monetary theory We’ve just been through the worst pandemic in modern history so there are a few supply issues, but we are not experiencing inflation caused by Biden giving out some stimulus checks. … Continue reading Price rises should be short-lived – so let’s not resurrect inflation as a bogeyman | William Mitchell