Demowp

Tag: Macroeconomics

  • Regime Change at the Fed: From Big Bank Bailouts to Local Productivity

    On January 30, when former Federal Reserve board member Kevin Warsh was nominated by President Trump as the central bank’s next chair, markets sold off and gold and silver plunged. Investors were positioned for a “dove,” someone inclined to cut rates aggressively and keep money loose; and Warsh has a long-standing reputation as a “hawk.” So wrote Michael […]

  • Mr. Ip and the Wall Street Journal Discover Wealth Inequality

    It was in 2013 that Thomas Piketty rediscovered the problem of wealth inequality with his celebrated book Capital in the Twenty-first Century. Published by Harvard University Press and selling several million copies, the book turned prevailing mainstream economic thinking on its head. Academic economists and capitalist apologists had long assured us that capitalism persistently created wealth […]

  • President Trump: Give Back the Money and Stop Grabbing More

    The White House and Congress can and should provide relief to American families who bore the costs of these illegal tariffs. The administration has the responsibility to design such relief. You took the money illegally; now you should return it. President Donald Trump, you took funds from the American people that were never yours to take. […]

  • Nicaragua’s Economy “Weathers Multiple Shocks” Including US Attacks

    The International Monetary Fund’s new assessment of Nicaragua’s economy labels it as “strong” no fewer than 56 times. But it also shows how key factors in the country’s growing prosperity – export earnings, trade relations and remittances (money sent by Nicaraguans living abroad) are vulnerable to US attacks. The IMF points out that US sanctions […]

  • Cannabis and the Closure of Agnes J. Johnson Charter School

    Cannabis and the Closure of Agnes J. Johnson Charter School

    Privately-operated charter schools fail and close every week. The top four reasons include declining enrollment, mismanagement, financial malfeasance, and poor academic performance. Such closures are usually sudden, abrupt, and take place mid-year, leaving many parents, students, teachers, and principals stunned and stressed about what to do next. Currently, 69 students are enrolled in the K-12 […]

  • China Is the Threat of a Good Example

    China Is the Threat of a Good Example

    “Chinese-style modernization presents itself as a possible alternative path to the Western capitalist model, especially important for Global South countries that are seeking to break free from the shackles of colonization and imperialism. – The Editors, Monthly Review[i] China will join hands with all countries to explore ways to reform and improved global governance, working […]

  • Compound Interest Is Devouring the Federal Budget

    Compound Interest Is Devouring the Federal Budget

    Albert Einstein is often quoted as saying that compound interest is “the most powerful force in the universe.” The quote is probably apocryphal, but it reflects a mathematical truth. Interest on earlier interest grows exponentially, outrunning the linear growth of revenue and eventually consuming everything. That is where the United States now stands. The government […]

  • Everlasting Collapse: 70 Years’ Predictions of China’s Imminent Doom

    From 1980-2008, EU GDP grew 2.7%, the US 3%, and China 9% . Since then, the EU has averaged 1.5%, the US 1.8% and China 7%. In other words, China’s economy has grown 300% faster than Western countries’ and, as they slip out of the top bracket of high income countries, China is entering it. […]

  • Trump’s Whims on Tariffs and Trade Deficits

    “Trump’s tariff formula explained: How rates were determined for each country” IMAGE/USA Today/Duck Duck Go Tariffs Tariffs are a tax imposed on imported goods to protect local industries in order to be self-sufficient and thus avoid being taken advantage of. For a very long time, Britain charged tariffs on many items, only in 1860 were […]

  • Why New York City Needs a Public Bank

    We will build a city-owned bank — not to serve shareholders, but to serve you. A bank that invests in housing, in transit, in climate resilience. A bank that puts our money to work for our people. — Zohran Mamdani, Victory Speech, Nov. 4, 2025 New York City has elected a mayor who dares to challenge […]

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