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.
In the absence of more attention to the supply chain, the U.S. is becoming even more reliant on Beijing—and ‘friendshoring’ often increases that dependence.
In the name of taming inflation, central banks have deliberately set themselves on a path to cause a recession – or to worsen it if it comes anyway. Worse, today's monetary-policy tightening will leave long-lasting scars, there are better responses.
Reaction to the Republican Supreme Court’s attack on abortion rights, drove high Democratic turnout, especially among women and young voters, saw Democrats overperform polls in many places, just as in summer special elections in New York and Alaska.
Reader Comments: Midterm Elections - No Red Wave; Dangerous Turn in Israel; No Black Players in World Series Linked to Decades of Cuts in Public Education; Enola Holmes; Resistance Revival Chorus with Rhiannon Giddens "All You Fascists Bound To Lose"
In Nevada, Arizona, and Pennsylvania, the union has been talking to voters about progressive fixes to inflation for months, when Democrats didn’t know what to say.
Reader Comments, Elections - High Inflation, Huge Profits, Why Not Price Freeze; Politicians Giving Medical Advice; Lula Wins!; Mayor, UFT Push Medicare Advantage; Copyright legislation; Public health; Mike Davis Tribute; Evening with Angela Y. Davis
In the 1960s, more than a third of seniors lived in poverty. Federal programs like Medicare to help the elderly, the situation improved significantly. But last year, the poverty rate for those 65 or older increased, even as it sank for everyone else.
Reader Comments, Elections - It's The Economy and Abortions; Lessons of Cuban Missile Crisis; Socialist Lessons; Announcements: Communists in Closets; Anti-Fascism in the 21st Century; The Farmer-Labor Movement; Cartoons; more....
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