Wow. This is absolutely fascinating. Highly recommended reading. The linked original #RooseveltInstitute proposal is quite accessible, too.
FWIW, here in #Japan we have a superb postal banking system. The US would benefit greatly from this proposal imho.
The Case for a Banking Public Option - The American Prospect
#SVP #accountability #banking #FedAccount #PostalBanking
https://prospect.org/economy/2023-03-15-federal-reserve-banking-public-option/
#rooseveltinstitute #japan #svp #accountability #banking #fedaccount #postalbanking
As Joseph Stiglitz and Regmi Ira wrote for the #RooseveltInstitute last December, "Weak unions, globalization, and changes in the structure of the economy" mean that workers generally can't demand inflation-tracking wage increases:
12/
The pandemic and Russo-Ukraine war (along with market failures and corporate greed) have caused inflation: (academic) https://rooseveltinstitute.org/wp-content/uploads/2022/12/RI_CausesofandResponsestoTodaysInflation_Report_202212.pdf (popular) https://theintercept.com/2022/12/12/inflation-covid-war-joseph-stiglitz-ira-regmi/
#theintercept #jonschwartz #rooseveltinstitute #therooseveltinstitute #iraregmi #josephstiglitz #inflation #pandemic #coporategreed #latestagecapitalism #modernmonetarytheory #mmt #spending #stimulus #covid-19pandemic #covid19pandemic #russo-ukrainewar #russoukrainewar #economics
#theintercept #jonschwartz #rooseveltinstitute #therooseveltinstitute #iraregmi #josephstiglitz #inflation #pandemic #coporategreed #latestagecapitalism #modernmonetarytheory #mmt #spending #stimulus #covid #COVID19pandemic #russo #RussoUkraineWar #economics