Reforms are needed to ensure that inaccurate budgetary math doesn’t take precedence over maximizing long-term prosperity.
Economic models do not, and never can, fully reflect the extraordinary complexity of human markets. The point is to create useful abstractions to provide decision-makers with a sense of the budgetary and economic impacts of a given policy proposal.
Our central bank operates by and for the financial elite.
When they want to wage war or destroy the planet, American political elites are obsessed with “job creation.” When workers start accruing a modest amount of power, elites demand increased unemployment.
If they auto-enroll everyone in their newly generous income-driven repayment plan, it will significantly take the sting out of resuming payments. Joe Biden’s plan is the culmination of years of activist work.
Child care and elder care investments provide U.S. families more options and better lives. The added effect of boosting expectations of labor supply growth means that now would be a great time to undertake them to fight inflation.
A post-Covid jobs recovery has strengthened workers’ hand – companies posting record profits don’t need government to slow the economy
Rampant outsourcing, financialization, monopolization, deregulation, and just-in-time logistics are the culprits. Our supply chains were designed for maximum profit rather than getting things to people, problems that arose in the pandemic folded in.
Is Biden ready to insist that national economic planning is not just ideologically permissible but urgently necessary?
The United States Postal Service (USPS) has taken the most dramatic step in a half-century to re-establish a postal banking system. The test allows customers to cash business or payroll checks at the post office and place them onto a gift card.
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