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Renegade Inc: MMT – Letters from America – YouTube

by J. Jerrald Hayes | Feb 13, 2020 | • Politics, Bernie Sanders, Economics & The Economy, Income Inequality, Jobs, The 2020 Presidential Race, The Democrats

How We Think About the Deficit Is Mostly Wrong…

by J. Jerrald Hayes | Feb 11, 2020 | Economics & The Economy, Income Inequality, Jobs

How We Think About the Deficit Is Mostly Wrong… I don’t think running a deficit is necessarily bad. I don’t think the size of the U.S. debt is a danger. Convince me I am wrong. This video helps explain my...

Universal Basic Income versus Jobs Guarantee—Which Serves Workers Better?

by J. Jerrald Hayes | Feb 4, 2020 | • Politics, Economics & The Economy, Income Inequality, Jobs

Universal Basic Income versus Jobs Guarantee-Which Serves Workers Better? The need in the United States for big new economic ideas has become obvious: despite a record low unemployment rate, the nation’s economy is failing to provide good paying jobs to those...

New Reports Show That Trump’s Economic Promises Were Empty | The New Yorker

by J. Jerrald Hayes | Jan 31, 2020 | • Politics, Donald Trump, Economics & The Economy, Income Inequality, Jobs

New Reports Show That Trump’s Economic Promises Were Empty With the impeachment trial, the coronavirus, and the Iowa caucuses in the news, dry economic statistics aren’t getting much attention right now. But two new reports-the latest...

The Truth About the Trump Economy by Joseph E. Stiglitz – Project Syndicate

by J. Jerrald Hayes | Jan 18, 2020 | • Politics, Economics & The Economy, Income Inequality, Jobs

It is becoming conventional wisdom that US President Donald Trump will be tough to beat in November, because, whatever reservations about him voters may have, he has been good for the American economy. Nothing could be further from the truth. The Truth About the Trump...

Neoliberal Economics Destroyed the Economy and the Middle Class

by J. Jerrald Hayes | Jan 16, 2020 | • Politics, Economics & The Economy, Income Inequality, Jobs

The 2nd paragraph here is just amazing when you think about it… [the emphasis is mine. “It is aggregate demand that drives the economy. Payments made on a rise in interest rates on credit card balances from 19% to a 29% penalty rate reduce consumers’...

The 1751 Machine that Made Everything – YouTube

by J. Jerrald Hayes | Jan 11, 2020 | Economics & The Economy, Engineering, Income Inequality, Jobs, Technology

Low unemployment isn’t worth much if the jobs barely pay

by J. Jerrald Hayes | Jan 8, 2020 | • Politics, Economics & The Economy, Income Inequality, Jobs

Low unemployment isn’t worth much if the jobs barely pay Each month, the Bureau of Labor Statistics releases its Employment Situation report (better known as the “jobs report”) to outline latest state of the nation’s economy. And with it, of...

CEO pay: chief executives rake in 940% more than 40 years ago, while average workers earn 12% more – CBS News

by J. Jerrald Hayes | Jan 6, 2020 | Economics & The Economy, Income Inequality, Jobs

CEOs rake in 940% more than 40 years ago, while average workers earn 12% more CEO compensation rose 940% from 1978 to 2018, compared with a 12% rise in pay for the average American worker during the same period, according to the Economic Policy Institute. In 2018,...

Portugal has found an antidote to right wing populism | Kontrast.at

by J. Jerrald Hayes | Jan 5, 2020 | • Politics, Economics & The Economy, Income Inequality, Jobs

From the article: —“Considering the booming economy, dropping unemployment numbers and the return of many once-emigrated young Portuguese citizens, it seems Portugal is on the rise. Facing the policies of socialist Prime Minister António Costa, which include properly...

Top charts of 2019: Thirteen charts that clarify what our economic priorities need to be in 2020 | Economic Policy Institute

by J. Jerrald Hayes | Dec 27, 2019 | • Politics, Economics & The Economy, Income Inequality, Jobs

Top charts of 2019: Thirteen charts that clarify what our economic priorities need to be in 2020 We’re in the longest economic expansion in U.S. history, but the top line numbers don’t tell the whole truth. Low unemployment is finally starting to produce...

Meet the average American millennial, who has an $8,000 net worth – Business Insider

by J. Jerrald Hayes | Dec 27, 2019 | • Politics, Economics & The Economy, Income Inequality

Meet the average American millennial, who has an $8,000 net worth, is delaying life milestones because of student-loan debt, and still relies on parents for money The average American millennial makes $35,592 a year. Adjusted for inflation, the annual salary of a...
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