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Warren Buffett Hates It. AOC Is for It. A Beginner’s Guide to Modern Monetary Theory. - great MMT overview
Report: Portion Of Military Aid At Heart Of Impeachment Still Hasn’t Gotten To Ukraine DC | Millions of dollars in military aid that’s at the heart of the ongoing impeachment inquiry still has not yet reached Ukraine, the Los Angeles Times reported. ...Read More
The duel is one of the most fascinating, and significant events, in corporate America. The investigator alleges that what appears to be a highly qualified team doesn't comprehend its own accounting, and fails to recognize that it's virtually insolvent––and may even be cooking the books––while GE claims that its attacker ...Read More
How to Break the Economy in the United States Normally a person would be in favor of either an easy monetary policy to stimulate the economy or a hard monetary policy to exert discipline on the government. Either way, one would not expect her to hold both views at the same time. Yet Ms. Shelton does exactly that.
Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years. At the same time, overall taxes paid by individuals under the new tax law are up so far this year by 3 percent, thanks to higher wages and salaries, according to the Congressional Budget Office. Last year tax payments by individuals went up 4 percent. ...Read More
Subway using inspections to intentionally seize franchises from a largely immigrant and family based group of franchisees, ruining them financially in the process.
"There are six major changes in the global capitalist economy since the 1970s that increase the potential fragility, instability, and the amplification and propagation rate of the fragility-instability events"
"Our reading of this special issue of the Journal of Industrial Ecology, leads us to conclude that there are two major gaps in the Circular Economy’s relevance for achieving global sustainability. It has not developed language or methods, or necessarily acknowledgement, of the need to shrink and slow material throughput… ...Read More
This is a good article to read in conjunction with this one: https://www.bloomberg.com/news/articles/2019-05-22/economics-reinvents-itself-every-few-decades-it-s-happening-now Seems like there might not be too much room to go back to the way things were before in case another recession hits. ...Read More
“The tax cuts did almost nothing for ordinary Americans and may even have cost them money. The apparent gains in their income were negligible and short-lived. Wealthy Americans reaped the benefits of lower taxes and higher dividends. The cuts had a negligible effect on U.S. economic growth while depriving the ...Read More
“Ford Motor said Monday that it is laying off about 7,000 managers and other salaried employees, about 10% of its white-collar workforce across the globe.”