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Reader Comments: GOP Convention and Trump Shooting; Ocasio-Cortez Takes On Thomas and Alito; IDF Ordered Hannibal Directive on Oct 7; Protest Netanyahu’s Visit to Congress; At the Heart of Health in Cuba - People-to-People Tour; Cartoons, more....

Those who believed inflation would be transitory were proven right, and those who demanded the sacrifice of mass unemployment proven wrong.

The Fed’s pursuit of its 2% inflation target will slow economic growth, repress wage gains, make almost everyone’s job less secure, and put us at risk for a recession.

The new chief of the BRICS bloc’s New Development Bank, Brazil’s leftist ex-President Dilma Rousseff, revealed they are gradually moving away from the US dollar, promising at least 30% of loans in local currencies of members.

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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.

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.

The costs of recession are not simply limited to those workers who lose a job— they're incredibly widespread across the workforce.