The real culprit here is the diminution of US productive capacity and supply chain disruption caused by four decades of neoliberal policies – disinvestment, deregulation, outsourcing - which have prevented supply-side measures to bring prices down.
It will compensate seniors for the bout of inflation. Workers deserve as much.
Workers haven’t gained as much leverage as a superficial examination might suggest. Advances thus far, such as they are, still leave miles to travel before the American working class recovers all the economic standing it has lost since the 1970s.
Our government has the tools to address the cost-of-living crisis. It just needs to use the right ones.
It would be irresponsible to create much higher unemployment – and the US economy could be pushed into recession. There is a strong argument for the Fed to take a break from its aggressive monetary-policy tightening.
To avoid the energy catastrophe and reverse the huge loss in living standards already under way, we need to take over the fossil fuel companies and phase out their production with increased investment in renewables, to reduce fuel prices for households and small businesses.
Punctuated by Watergate, the Nixon Administration has been evacuated of its historical import
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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.
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