Skip to main content

The Left, Inflation and Monetary Policy

Andrew Jackson Canadian Dimension
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.

Ending Pandemic Aid Created a Disaster

Andrew Perez & Nick Byron Campbell The Lever
New government data show that after the government terminated pandemic relief programs, millions more Americans began struggling to survive.

To Fight Inflation, the Fed Is Declaring a War on Workers

Julia Rock Jacobin
Federal Reserve chairman Jerome Powell plans to address sky-high inflation by hiking interest rates — acknowledging that doing so will suppress wages and worker power. It's a response that will force workers to bear the brunt of the inflation crisis.

Tidbits - Feb. 17, 2022 - Reader Comments: Labor Law Reform; Art Spiegelman, Maus and Book Bans; Megadrought; Paul Robeson; Peekskill from One Who Was There; NFL, Brian Flores, Systemic Racism; U.S. and Russian Women Call for Peace; more....

Portside
Reader Comments: Labor Law Reform; Raising Interest Rates a Problem; Art Spiegelman, Maus and Book Bans; Megadrought; Paul Robeson; Peekskill from One Who Was There; NFL, Brian Flores, Systemic Racism; U.S. and Russian Women Call for Peace; more....

labor

Still Getting 'It' Wrong

William Spriggs AFL-CIO Now
Thoughts that huge tax cuts to high-income households will offset a downturn in automobile sales, cuts in public spending, rising college tuition or a dismantling of the health sector are irrational. If theFed raises interests rates, it will threaten a more fragile economy than appears at the moment. The drive to be “normal” in a world that is clearly not normal, may put us in danger of a downturn that will be difficult to recover from.

New Report Reveals How Wall Street Impoverishes Los Angeles

Les Leopold Huffington Post - The Blog
According to the report, "No Small Fees: LA Spends More on Wall Street than Our Streets," the City of Los Angeles spent at least $51 million more in Wall Street in fees than it allocates for its entire budget for the Bureau of Street Services. And this is probably an underestimate.

The Reemergence of Housing Bubbles: Should We Be Worried?

Dean Baker Project Syndicate
If most homeowners have not hedged themselves against the possibility that home prices, like bond prices, may fall if interest rates rise, we may be in for another round of very bad news if interest rates ever return to more normal levels. It is remarkable that the latest run-up in house prices has received so little attention from people in policy positions. There may be an enormous price to pay for the continued lack of attention to housing bubbles.
Subscribe to interest rates