Comments made last week by the former Clinton, Obama and now Biden economist Lawrence Summers contesting whether it was sensible for the US government to provide a $US2,000 once-off, means-tested payments was met with widespread derision and ridicule from progressive commentators. While Summers might have been correct on the macro issues (we will see) he certainly wasn’t voicing progressive concern about the distributional issues and should not be part of the in-coming Administration.
Yesterday turned out to be quite a day in central banking terms. There is much to say about my home one as in the Bank of England, but the truth is that even the extraordinary […]
It is interesting to note that the media maybe never was omnipotent, but also that coporate media’s power is waning in Ireland as most everywhere else. Read here
Do not expect capitalists to joyfully join in to stop the climate crisis. Police brutality against protestors is also on the rise. Read here Óscar Eyraud was killed in his home in Mexico in 2020
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