Portside

Brazilians prepare for a momentous vote

We need to greatly expand the role of fiscal policy relative to monetary policy and address inflation while also promoting low unemployment, needed new investments, decent wages and a much fairer distribution of income and wealth.

This week: left economists cut through the baloney, rumblings of general strike, and a guide to wrecking your party

Jayati Ghosh and João Pedro Stedile on the fierce urgency of now

War, Inflation, Geopolitical Rivalry, and Soaring World Temperatures

To challenge the GOP and corporate media narrative on inflation, start with exposing the underreported causes, identifying those exploiting rising prices, describing why the conservative fix of jacking up interest rates will cause far worse pain

Policies that give more money to people at the top are inflationary. If we want to help the working class we have to pursue policies that reverse upward redistribution, not promise the return of manufacturing jobs that no longer offer a wage premium.

The Fed knows inflation is a problem born of insufficient supply that only governments can tackle. But that doesn’t look like stopping it from pushing the US economy, and everyone else’s, into recession.