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www.richmondfed.org | ||
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dissidentvoice.org
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| | | | | As an intended outcome of neoliberal doctrine and a natural stage of capitalist development, global financialization constructs a borderless nexus of power in which debt and austerity fuels a cultural, political and economic landscape bound to enduring structures of domination, and creates unprecedented wealth through the accumulation of suffering. ***** According to economist Richard Wolff, | |
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libertystreeteconomics.newyorkfed.org
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| | | | | The debate about the natural rate of interest, or r*, sometimes overlooks the point that there is an entire term structure of r* measures, with short-run estimates capturing current economic conditions and long-run estimates capturing more secular factors. The whole term structure of r* matters for policy: shorter run measures are relevant for gauging how restrictive or expansionary current policy is, while longer run measures are relevant when assessing terminal rates. This two-post series covers the ev... | |
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libertystreeteconomics.newyorkfed.org
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| | | | | Starting in early 2018, the U.S. government imposed tariffs on over $300 billion of U.S. imports from China, increasing the average tariff rate from 2.7 percent to 17.5 percent. Much of the escalation in tariffs occurred in the second and third quarters of 2019. In response, the Chinese government retaliated, increasing the average tariff applied on U.S. exports from 5.7 percent to 20.4 percent. Our new study finds that the trade war reduced U.S. investment growth by 0.3 percentage points by the end of 2... | |
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dissidentvoice.org
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| | | The American police state has become America's new crime boss. Thirty years after then-President Bill Clinton signed the Violent Crime Control and Law Enforcement Act into law, its legacy of mass incarceration, police militarization, and over-criminalization continues to haunt us. It has become the gift that America can't seem to return. We are now suffering | ||
