By FRANK STRICKER In the poverty report for 2021, released on September 13, there was some good news. The official poverty rate stood at 11.6% of the population. That was essentially the same as the rate (11.5%) in 2020. Amazingly, it was just a little higher than in 2019, the last pre-pandemic year. So poverty… Read More The Poverty Numbers in 2021: Is There A Better Way to Count Poverty?
By L. Randall Wray The mainstream consensus is that slow economic growth is a supply-side problem while inflation is a demand-side problem. In the run-up to the COVID downturn, the media’s favorite economist, Larry Summers, warned of long-term secular stagnation. Pundits attributed this to a variety of supply-side factors, including slow growth of the labor… Read More Raising Interest Rates Is the Wrong Medicine for Today’s Inflation
The March for Jobs and Freedom: From 1963 to 2013 NPQ’s Economic Progress Quiz 28 August 2013 The March for Jobs and Freedom in 1963 had a very strong emphasis on jobs and economic equality. As recounted by John Branston at the Memphis CityBeat [8/20/2013], the marchers demanded “a massive federal program to train and… Read More From 1963 to 2013: NPQ’s Economic Progress Quiz
THE UNEMPLOYED SPEAK* 1. Jack was laid off after 17 years as a mechanic when his plant was relocated in Mexico. Unable to find a comparable job, Jack is working at Walmart at a fraction of his previous wage. Answer: Jack is a casualty of unemployment, but he is counted as employed, despite his downgrading.… Read More Can You Count the Unemployed? an NJFAC Quiz