Income Inequality’s Most Disturbing Side Effect: Homicide

Where financial disparities are greatest, the murder rate tends to be high. by Maia Szalavitz Scientific American November 2018 Income inequality can cause all kinds of problems across the economic spectrum. Perhaps the most frightening is homicide. Inequality—the gap between a society's richest and poorest—predicts murder rates better than any other variable, according to Martin Daly, … Continue reading Income Inequality’s Most Disturbing Side Effect: Homicide

Pay No Attention to the Man Behind the Curtain: Modern Monetary Theory

Taxes do not fund government spending. Behind the Money Curtain: A Left Take on Taxes, Spending and Modern Monetary Theory by Jim Kavanagh Polemicist  That’s a core insight of Modern Monetary Theory (MMT) whose radical implications have not been understood very well by the left. Indeed, it’s not well understood at all, and most people … Continue reading Pay No Attention to the Man Behind the Curtain: Modern Monetary Theory

The Saudi Lobby Juggernaut

How Saudi Money Keeps Washington at War in Yemen If you were sleeping in 2010 when the Supreme Court -- you know, the perfectly reasonable one that didn’t yet have Brett Kavanaugh on it -- made political spending a form of free speech with its Citizens United case, you may not yet know that American politics is … Continue reading The Saudi Lobby Juggernaut

A Better Bailout was Possible

The Obama administration’s refusal to write down mortgage debts led to the rise of Trump   https://youtu.be/rFgTvfDTdfw George Soros and Rob Johnson reflect on the economic, political, and social ripple effects of the collapse of Lehman Brothers. The recent exchange between Joe Stiglitz and Larry Summers about “secular stagnation” and its relation to the tepid … Continue reading A Better Bailout was Possible