Investment

Ann Arbor (Informed Comment) – Bruce Y. Lee of Forbes reports that a couple of days ago, the Trump White House put out a press release listing the administration’s scientific achievements. Number one on the list was “Ending the Pandemic.” The Nazi genocidal maniac Adolf Hitler said, “Die Breite masse eines volkes fällt einer grosse […]

Debt

In Praise of Public Debt

John Buell

Southwest Harbor, Maine (Special to Informed Comment) – Even as California burns, the states of the Gulf of Mexico brace for another hurricane, a global pandemic rages, an influential segment of DC political opinion wants the populace to focus on the national debt. Employing arguments that go back at least as far as Andrew Mellon, […]

China

GOP Death Cult Forbids Mandatory Masks, Keeping US in Crisis, as China Grows 3.2%

Juan Cole

Ann Arbor (Informed Comment) – Georgia governor Brian Kemp, one of the worst and most corrupt people in the world, is attempting to prevent municipalities in Georgia from fining people for refusing to wear masks to prevent the spread of the coronavirus. He is suing Atlanta over it. The question is not whether his obstructionism […]

Banking

Also, Defund the CEOs

Sam Pizzigati

(Inequality.org) – America’s dirtiest three-letter word may now be “CEO,” and our ongoing economic meltdown is only making that tag even dirtier. Chef executives the nation over have spent this past spring scheming to keep their pockets stuffed while their workers suffer wage cuts, layoffs, and even death by Covid-19. Not all CEOs, of course. […]

Banking

The Great Depression, Coronavirus Style: Crashes, Then and Now

Nomi Prins

(Tomdispatch.com) – Many economists believe that a recession is already underway. So do millions of Americans struggling with bills and job losses. While the ghosts of the 2008 financial crisis that sent inequality soaring to new heights in this country are still with us, it’s become abundantly clear that the economic disaster brought on by […]

Banking

Is Mitch McConnell Blocking further Congressional Aid to States on Behalf of Vulture Funds and Corporations with Impunity?

John Buell

Has the Senate Majority Leader lost his faith in the wisdom and predictability of markets? Crude partisanship may underlie his reluctance to enact further Covid Depression relief assistance, but the reason given was extraordinary. The Senator professed a desire to wait for the effects of the first relief package to become apparent. “I think we […]

Climate Crisis

Why it doesn’t make Economic Sense to Ignore Climate Change in our Recovery from the Epidemic

The Conversation

By Anna Skarbek| – It will be tempting for some to overlook the climate change challenge in the rush to restart the economy after the pandemic . . . In the United States, the Trump administration is reportedly contemplating a coronavirus rescue package tailored specifically to oil and natural gas producers, while the Chinese government […]

Employment

The Fundamentalist Religion of the Market and COVID-19

Richard Foltz

Discussions on the role of religion in the contemporary world generally fail to take into consideration an argument advanced by David Loy more than twenty years ago: namely, that the dominant faith system practiced across the globe today is in fact that of so-called “free-market” capitalism, a self-serving ideology forcibly imposed by a worldwide plutocracy […]

Banking

When Renters and Homeowners and Small Businesses need a Bailout, the Fed gives it to Big Corporations

Tomdispatch

By Nomi Prins | – ( Tomdispatch.com ) – To say that these are unprecedented times would be the understatement of the century. Even as the United States became the latest target of Hurricane COVID-19, in “hot spots” around the globe a continuing frenzy of health concerns represented yet another drop down the economic rabbit […]