The Use and Abuse of MMT
Using government spending power to bail out financiers and rentiers makes a travesty of MMT.
Read more...Category Archives: Income disparity
Martin Wolf and Wishful Thinking on Ending Coronavirus Lockdowns
It would be nice to go back to something like the old normal. But the coronavirus is still very much in charge.
Read more...India’s Poorest Now Have Access to Basic Bank Accounts, and Many Already Received their First Cash Stimulus Payment By Last Saturday; Meanwhile the IRS May Get You Your $1200 Check in Five Months
A tale of two stimuli: the Modi government has already made some direct deposits; some Americans will wait five months to receive checks.
Read more...The New Inequalities and People-to-People Social Protection
Yves here. On the one hand, this post contains many examples of how people with resources are assisting those hit hard by the coronavirus crisis. On the other, it is also all too apparent that in most cases, these charitable acts only make a dent in the problems most face, although admittedly shows of concern […]
Read more...Saving Citizens, Killing the Poor: India and COVID-19
Prime Minister Narendra Modi’s imposition of a 21-day lockdown in India to stem COVID-19 transmission triggered vast migration of the poor.
Read more...Informal Workers in the Time of Coronavirus
Not surprisingly, people who don’t have regular jobs will be very hard hit by the coronavirus crisis. And there are a lot of them.
Read more...Bills are Due and Payable: Workplace Strikes and Rent Strikes
A round-up of strike activity, with advice for the Sanders campaign.
Read more...Radical Imagination: Imagining How the World of Finance Really Works
Michael Hudson rings the changes on some of his favorite themes: the logic of ancient debt jubilees. and the role of finance in contemporary rent extraction.
Read more...Tax Justice and Modern Monetary Theory – A Guide
Does Modern Monetary Theory take tax justice for granted?
Read more...The CARES Act: Stimulus and Unemployment Checks
Who gets a check? How much will the check be? How long will the check take to arrive? When will the checks stop?
Read more...The Coronavirus Stimulus Bill Is a $2 Trillion Slush Fund for Washington Cronies
Why you should hate the coronavirus “stimulus” bill.
Read more...Covid-19 Hits the Dual Economy: Incomes Destroyed at the Bottom, Profits Supported at the Top
Why preserving (big) corporate profits will not bail out the economy.
Read more...Can the Intra-Party Rift Be Healed, At Least For Now? Or Must the Fight Be Fought in 2020?
Is the Democratic Party redeemable?
Read more...COVID-19 and Class in the United States
Globalization , globalizers, and COVID-19.
Read more...Debt and Power: An Interview With Michael Hudson
Micheal Hudson explains how the ancient approach to managing debt is far superior to ours.
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