The Federal Reserve’s Coronavirus Crisis Actions, Explained (Part 5)
Muni purchases are finally here
Read more...Readers, I have had a correspondent characterize my views as realistic cynical. Let me briefly explain them. I believe in universal programs that provide concrete material benefits, especially to the working class. Medicare for All is the prime example, but tuition-free college and a Post Office Bank also fall under this heading. So do a Jobs Guarantee and a Debt Jubilee. Clearly, neither liberal Democrats nor conservative Republicans can deliver on such programs, because the two are different flavors of neoliberalism (“Because markets”). I don’t much care about the “ism” that delivers the benefits, although whichever one does have to put common humanity first, as opposed to markets. Could be a second FDR saving capitalism, democratic socialism leashing and collaring it, or communism razing it. I don’t much care, as long as the benefits are delivered. To me, the key issue — and this is why Medicare for All is always first with me — is the tens of thousands of excess “deaths from despair,” as described by the Case-Deaton study, and other recent studies. That enormous body count makes Medicare for All, at the very least, a moral and strategic imperative. And that level of suffering and organic damage makes the concerns of identity politics — even the worthy fight to help the refugees Bush, Obama, and Clinton’s wars created — bright shiny objects by comparison. Hence my frustration with the news flow — currently in my view the swirling intersection of two, separate Shock Doctrine campaigns, one by the Administration, and the other by out-of-power liberals and their allies in the State and in the press — a news flow that constantly forces me to focus on matters that I regard as of secondary importance to the excess deaths. What kind of political economy is it that halts or even reverses the increases in life expectancy that civilized societies have achieved? I am also very hopeful that the continuing destruction of both party establishments will open the space for voices supporting programs similar to those I have listed; let’s call such voices “the left.” Volatility creates opportunity, especially if the Democrat establishment, which puts markets first and opposes all such programs, isn’t allowed to get back into the saddle. Eyes on the prize! I love the tactical level, and secretly love even the horse race, since I’ve been blogging about it daily for fourteen years, but everything I write has this perspective at the back of it.
Muni purchases are finally here
Read more...It’s Fr-i-i-i-i-i-day!
Read more...Today’s Water Cooler: I’m still feeling the effects of “Super Pink Moon,” and I don’t feel like writing a summary. Sorry, not sorry. Plenty inside, though.
Read more...Today’s Water Cooler: Plenty of other news, but the big news is that Sanders “suspends” his campaignl.
Read more...Let’s make Monday Fun Day!
Read more...Today’s Water Cooler: Friday, Friday. What a week!
Read more...Today’s Water Cooler: Legitimacy crisis vibe growing stronger… .
Read more...Today’s Water Cooler: #COVID19 tracker, new national poll, Biden on #COVID19, Biden backer: Sanders an “a*****e”, Cuomo bubble, Sanders on Wisconsin primary, Sanders and the black vote, Trump popularity, manufacturing, employment, forests, soil, hospital beds, vaping, essential workers
Read more...Today’s Water Cooler: #COVID19, new national poll, Biden steps on another rake, Sanders, Pelosi and SALT, vote-by-mail, consumer confidence, manufacturing, oil glut, air cargo, Nextdoor, ventilators, medieval lead pollution, gardening, nasal swabs, Darwin Awards for social distancing, Gannet lay-offs, podcasts slow, private equity and hospitals, Egyptian baking
Read more...A round-up of strike activity, with advice for the Sanders campaign.
Read more...Today’s Water Cooler: #COVID19 chart, new national poll, Biden, Cuomo, Sanders, a reconfigured election season, manufacturing, warehouses and private equity, digital grocery shopping, Covidien, Arctic ozone hole, California #COVID19 efforts, “Tiger King,” Yale to New Haven: “Drop Dead,” tilde sites
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