Latest from the Blog
The Fed’s policy tools – interest rate manipulation, quantitative easing, and “Special Purpose Vehicles” – have all failed to revive local economies suffering from government-mandated shutdowns. . The Fed must rely on private banks to inject credit into Main Street, and private banks are currently unable or unwilling to do it. The tools the Fed actually needs are public banks, which could and would do the job.
This year’s presidential election was decided primarily by voter concerns about Covid-19 and the economy, not by voters crying out for a continuation of America’s endless wars or demanding yet more money for the Pentagon.
Whether or not it intended to, NPR trivialized historic voter disenfranchisement in the South.
Get new content delivered directly to your inbox.