Southwest Harbor, Maine (Special to Informed Comment) – Our commercial media have followed the ups and downs of the vaccine roll out in the United States even as much less attention is devoted to the experience of poor nations. Pundits and TV anchors periodically acknowledge that lethal viruses don’t respect borders but seldom discuss the […]
Why the Opponents of a $15 Minimum Wage are Wrong, Wrong, Wrong
Southwest Harbor, Maine (Special to Informed Comment) – Conservatives in both political parties want citizens to believe opposition to an increase in the minimum wage is a simple matter of supply and demand economics. If government regulators increase the price of hamburger, consumers will buy less hamamburger. Increase the price (wages) of labor and businesses […]
Yes we need the $1.9 Trillion Stimulus: Real Unemployment is 3 times what they’re telling us
Southwest Harbor, Maine (Special to Informed Comment) – As Congress gets set to debate the Biden Pandemic relief package, one of the favorite Republican lines is the contention that an economic recovery is already well underway. Pouring more money into an accelerating economy is likely to induce seventies style inflation. It is time, they argue, […]
The Gamestop Affair shows that America is over-financialized and needs a tax on speculation
Southwest Harbor, Maine (Special to Informed Comment) – It would be unfair to suggest that the titans of Wall Street are oblivious to poverty. One of their central themes is the role that financial literacy can play in teaching citizens how wealth is acquired and maintained. In their worldview saving and investing in the stock […]
Can Biden’s $15/ hr Minimum Wage begin restoring Working Class trust?
Southwest Harbor, Maine (Special to Informed Comment) – Watch CNN almost any time lately and one is inundated with scenes of the lethal riots in the Capitol. And in an era when every man or woman is their own video journalist new and often terrifying footage is released on a continuing basis. Along with footage […]
Six Days to Go: Nukes, Trump, and Cybersecurity
Southwest Harbor, Maine (Special to Informed Comment) – Should American citizens feel relieved that Speaker Pelosi has met with General Milley to discuss the nuclear command structure? I am not. From the start of the nuclear age we have been asked to believe that as long as these weapons of mass destruction were under the […]
Austerity Terrors: Congress Stimulus Package Finally Passes – but it is Too Little, Too Late
Southwest Harbor, Maine (Special to Informed Comment) – 900 billion dollars is a big amount, Apparently one trillion is a whole order of magnitude greater. Or at least the number is so terrifying that politicians bend heaven and earth to avoid being connected with trillion dollar expenditures. And this allergic reaction is bipartisan. In the […]
A Tsunami of Evictions: Pandemic Housing Markets are about to be hammered, even Middle Class is Endangered
Southwest Harbor, Maine (Special to Informed Comment) – Twelve million unemployed people are set to lose all their benefits at the end of December. And about 19 million people are currently unable to pay their rent, with the CDC’s moratorium on evictions set to expire on New Year’s Day. Mainstream media persist in speaking of […]
Where’s the Second Relief Act? The US Safety Net is working, but there are Capitalists who don’t Want it to
Why can’t our political leaders learn to live with success? In an era marked by cynicism about politics both parties managed to enact an initial COVID-19 relief package that if anything exceeded expectations. Last June Jason DeParle, summarized academic research on this act by quoting Columbia University’s Zachary Parolin: “Right now, the safety net is […]
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