RRND Email Full Text (Scheduled)

    • A Left Answer to Inflation: Time to forsake the Chicago school of economics

      Source: In These Times
      by Hadas Thier

      “In the 1940s, with the experience of the Great Depression freshly seared into the collective American consciousness, free market economists like Milton Friedman were generally regarded as right wing cranks for believing that government interventions – such as rent control, a minimum wage, even national parks – only got in the way of the market’s superior rationality. The ideas and policies that dominated economic discourse after the Great Depression were decidedly more left wing. Keynesianism, named after its leading theoretician John Maynard Keynes, emphasized an active borrow-and-spend role for government to maintain full employment and keep the economy humming. But within a few decades, conservative economics gained political hegemony.” (09/22/22)


    • The Importance of Citizen Activism

      Source: The American Prospect
      by David Dayen

      “Last month, a federal judge ruled in one of the most under-the-radar scams in the business world. Thousands of small and medium-sized businesses were taken advantage of by a company called FleetCor, which provided ‘discount’ gas credit cards. Only there weren’t any discounts at all: The cards were riddled with hidden charges. Despite promising no transaction or annual fees, FleetCor imposed hundreds of millions of dollars in ‘convenience network surcharges’ and ‘program administration fees,’ without notifying customers. The judge granted summary judgment without a trial, ruling that the practices were unlawful, and that CEO Ronald Clarke was personally responsible. … Because of a very stupid Supreme Court ruling last year, the Federal Trade Commission, which filed this case in 2019, cannot return monetary damages to customers through a lawsuit.” (09/23/22)


    • It’s Lower-Income Families Who Will Be Hit Hardest by Fed Rate Hikes

      Source: Common Dreams
      by Dean Baker

      “Catherine Rampell’s latest Washington Post column argued that lower-income people have been hardest hit by inflation, so they will benefit most if the Fed gets inflation under control. The argument is that items that they must buy, like food, gas, and rent, have risen most rapidly in price. Furthermore, since lower-income people tend to already be buying lower-priced brands, they have little ability to protect themselves against inflation by switching to less expensive alternatives. There are two problems with this logic. As many of us have noted, and Rampell acknowledges, workers at the bottom end of the wage distribution have seen wage increases well above the average over the last two years.” [editor’s note: Every now and then a “progressive” pundit shows some awareness of actual economics; this would be one of those times – SAT] (09/24/22)


    • Hispanics support migrant flights to sanctuary cities

      Source: Fox News
      by Greg Gutfeld

      “So here’s a fun survey and by fun I mean agrees with me who was never wrong. A new poll conducted by Politico … shows that most Hispanics actually liked the transporting of illegal [sic] aliens to left wing [sic] sanctuary cities. Yes, it appears this action only upsets white liberals [sic] in sanctuary cities who are forced to be compassionate instead of simply pretending to be (they’re also known as ‘assholes’). My apology to actual anuses who perform a valuable function. Make fun of them all you want, but if you didn’t have one, oh, I would hate to be you. Where am I? But if there’s one thing white liberals [sic] are good at, it’s being hypocritical, that and telling me the lunch specials.” (09/23/22)


    • A creative response to inflation

      Source: Christian Science Monitor
      by staff

      “Ever since the 2008 financial crisis, the world’s central banks have gradually found merit in coordinating with each other — particularly during volatile episodes in the global economy. Yet never have they flocked together like they did this week. From Washington to Hanoi, 11 central banks raised interest rates, signaling a consensus that the highest worldwide inflation in four decades requires an aggressive response. One reason for the urgency is to prevent a mental spiral that inflation can provoke. When consumers fear that prices will keep rising, they may start spending more now to avoid spending more later. That added demand, in turn, puts added pressure on prices. ‘The longer the current bout of high inflation continues,’ U.S. Federal Reserve Chair Jerome Powell said on Wednesday, ‘the greater the chance that expectations of higher inflation will become entrenched.'” (09/23/22)


    • Newton’s Third Law of Motion: Sanctuary Cities Act and the Border States React

      Source: Town Hall
      by Russell Smith

      “For every action, there is an equal and opposite reaction. Mr. Biden opened [sic] the border to Mexico. Reaction: 2 million people illegally [sic] entered the United States through our southern border, and the number increases daily. Action: Democrats Abandoned working-class voters of all races in favor of the uber-rich. Action: Trump-aligned Republicans returned to the policies of hard work, education, not indoctrination, manufacturing as the foundation of a strong economy, and robust small business entrepreneurship. Reaction: Hispanic voters swung to the Republican party. According to an April 2022 survey by Trafalgar Group, 65.2% of Hispanics believe the southern border should be closed.” (09/24/22)


    • As We Move Closer To WW3, Good Time To Reassess Our Priorities In Life

      Source: Caitlin Johnstone, Rogue Journalist
      by Caitlin Johnstone

      “As the US empire continues to escalate aggressions against both Russia and China, as Moscow warns that ‘strategic nuclear weapons’ may be used to protect the territories it plans on annexing from eastern Ukraine even as Washington prepares to ramp up its proxy war spending in that nation once again, as nuclear-armed powers which refuse to compromise with each other accelerate toward direct confrontation with nobody’s foot anywhere near the brake pedal, it’s probably a good time to pause and re-evaluate our priorities in life. One who is sincere and courageous about having an authentic relationship with reality will take seriously the very real possibility that this could all be ending fairly soon. They will face this possibility directly and let it inform the way their humanity expresses itself in the world, rather than compartmentalizing away from it and avoiding it.” (09/24/22)