Tag: economy
Does taxing the wealthy lower inflation?: Video Sources
Fiscal Policy – The Economic Lowdown Podcast Series Federal Reserve Bank of St. Louis. https://www.stlouisfed.org/education/economic-lowdown-podcast-series/episode-21-fiscal-policy How Can Fiscal Policy Help Reduce Inflation? Peter G. Peterson Foundation. 2023 3 7. https://www.pgpf.org/blog/2023/03/how-can-fiscal-policy-help-reduce-inflation US history lesson: Taxes on rich people helped to beat inflation (and
GOP killed Big Business. Biden buries the corpse.
“President Joe Biden ditched Trump’s brawling style. But he is keeping some of the former president’s key policies in place that are disliked by CEOs — including tariffs on imports from China and the EU and pressure on U.S. companies to cut their vast overseas supply chains to manufacture in America.
Biden has also stocked key agencies with people who have dedicated their careers to antitrust enforcement — including Lina Khan at the Federal Trade Commission and Jonathan Kanter at the Justice Department. In the last week alone, regulators have moved to blow up both a proposed airline merger and a major Wall Street deal, while attacking lucrative fees slapped on consumers by banks, cable providers and myriad other businesses.”
Inflation Isn’t Going Away
“The annualized inflation rate for February fell slightly to 6 percent, but the underlying numbers show that prices continue to grow at a stubbornly high rate.”https://reason.com/2023/03/14/inflation-isnt-going-away/
The Fed’s Inflation Goal Is Completely Arbitrary
Biden gets chance to redefine World Bank role
“The Biden administration is about to undertake one of its most complicated international initiatives, installing a new leader at the World Bank who can steer the organization toward a sweeping climate change agenda.
Bank President David Malpass’s abrupt announcement that he will step down from his post a year early opens the way for President Joe Biden to choose someone who embraces the new goal of fundamentally overhauling the bank’s work to focus more on climate and other global challenges.”
A new inflation risk hangs over the Fed
https://www.politico.com/news/2023/02/24/china-economy-federal-reserve-inflation-00084231
Stop treating unemployment as a necessary evil to curb inflation
“if you thought mechanically that when wage growth is high and inflation is high, the only way these things go down is through higher unemployment — well you have to actually acknowledge now that maybe there is a wider set of possibilities.”
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“Yeah, the idea that “no ‘help wanted’ sign should ever exist” is not to me a sign of a healthy economy. The story for much of 2021 was like, “Where have all the workers gone?” and the suggestion was that it must be that people don’t want to work. But in actuality, there were some sectors that were really eager to hire — Amazon expanding its warehousing staff probably did put pressure on other industries looking to hire. But competing sectoral demand for labor is just very different from saying people don’t want to work.”
The Importance and Misuse of the Labor Force Participation Rate
The Importance and Misuse of the Labor Force Participation Rate: Bibliography
What Lower Labor Force Participation Rates Tell Us about Work Opportunities and Incentives Joint Economic Committee. 2015 7 15. What’s Happening with Today’s Labor Force? California Workforce Development Board. 2022. What’s behind the US labour shortage? | The Bottom Line Al Jazeera