"A new paper shows why economists’ understanding of the labour share is murky at best."

"By one measure, yes."

"Governments and central banks can easily control inflation, says Merryn Somerset Webb – they just need the will."

"The movement galvanized public outrage and begged for a fundamental shift from a system that was rigged in favor of corporations and the wealthy."

"Being able to relax, spend time with loved ones, have freedom from a boss, and do whatever the hell we want are essential parts of what it means to be human. Workers need more time off."

"Generally speaking, inflation can be stabilized with little recession if people believe the necessary policy tightening will be seen through, rather than abandoned at the first signs of pain. Unfortunately, US economic authorities have _...Read More_

"Ten years ago, I was ready to throw in the towel on this whole politics business, writes Doug Henwood — things were too bleak. Then Occupy Wall Street kicked off. Now, thank God, we’re living in the world Occupy created."

"Ever-worsening conditions in supply-chain jobs have made Britain’s shortages inevitable, and a pay rise for lorry drivers won’t end them, says the Guardian’s special correspondent Felicity Lawrence"

"The debt-limit standoff amounts to performance art, not financial restraint. Here’s a safer alternative."

"President Xi Jinping faces serious test of his financial reforms as struggles of property giant send ripples through real-estate sector"

"That's not to say the Delta variant isn't having any impact. Seatings at restaurants in the United States appear to have dropped sharply in recent days, according to data from OpenTable."

"Fiscal policy, as opposed to monetary policy, is more readily understood by the average working stiff. Income taxes, budget deficits, the national debt. These are all tangible things people can grasp a hold of, if they care to. The _...Read More_

"Understanding the shifting balance of social forces, interest groups and political factions is essential to see how China escaped the shock therapy that brought down the Soviet Union."

"Inflation need not be a worry unless it is driven by labour market shortages. Unfortunately, writes macroeconomist Philip Pilkington, that’s exactly what we’re seeing today. Investors should beware"

"Global inflation, asset bubbles and other consequences of modern monetary theory will be major issues for next year, says Zhou Xiaochuan, an ex-governor of China’s central bank."